Tesla stock was on a roller coaster ride Tuesday. Although it had been trading up slightly over the last few days, it was still rather a surprise to see it soar as it did. Ahead of the delivery announcement, Tesla shares gained more than 6% on Monday, with a closing price of $209. A high water mark of $230 during late Tuesday morning had everyone chatting and speculating over what would come next.
The 5% Tesla jump in early trading Tuesday emerged after the battery electric vehicle leader reported quarterly vehicle deliveries that beat Wall Street expectations. Shares rallied more than 10% on Tuesday, hitting the highest level in nearly 6 months at $231.26. According to its 2023 annual filing, Tesla generated about $21.75 billion of its overall revenue from China, representing 22.5% of total sales.
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Source: verge - 🏆 94. / 67 Read more »