Tesla: Bank's Midas touch adds $37bn to value of the EV maker - find out why
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Bank of America's research note on Tesla Inc. led to a $37 billion increase in the company's market value, with the stock rising 3.2% after analysts visited Tesla's Gigafactory in Austin, Texas.
December 06, 2024 | 7:45 am
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Tesla's stock rose 3.2% after Bank of America's positive research note, adding $37 billion to its market value. The note followed a visit to Tesla's Austin Gigafactory.
The positive research note from Bank of America, a reputable financial institution, likely boosted investor confidence, leading to a significant increase in Tesla's stock price. The visit to the Gigafactory may have provided insights that were favorable, contributing to the stock's rise.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100