Tesla shares rallied as much as 7% in pre-market trading on Wednesday.
Apple, Amazon, and other tech stocks were also in the green, after the Nasdaq tumbled a record 10% in three trading days. Elon Musk's electric-car company saw its stock price plunge 21% on Tuesday, erasing $82 billion from its market value. Tesla completed a $5 billion share sale and a five-for-one stock split last week, but it wasn't added to the S&P 500 as widely expected, and a key shareholder cut its stake.Tesla stock jumped as much as 7% in pre-market trading on Wednesday, laying the groundwork for a recovery.on Tuesday, their biggest one-day decline ever. The plunge wiped about $82 billion off Tesla's market capitalization.
Apple, Amazon, Microsoft, Facebook, and Alphabet all rose more than 1% in pre-market trading, pointing to a broader rally for the Nasdaq after the tech-heavy index plunged a record 10% in three trading days.
Tesla stock price target is $2500!
Give it some time; to assume that Tesla is somehow permanently, if magically immune from the ravages of wretched economic fundamentals or presently suicidal monetary policy (never mind sales) goes well beyond ridiculous into the lately fashionable realms of collective denial.
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Still so over valued
Elon is quaking in his boots. Begging other nations to ramp up lithium mining, asking for GM to sign on, pushing for space exploration to try & mine asteroids, & now the stock slides back.
Tesla is Enron on steroids. One of the biggest scams we're about to see.
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