Why Tesla Stock Is Surging Today
Tesla (TSLA 8.09%) stock is seeing strong bullish momentum in Friday’s trading. The electric vehicle (EV) company’s share price was up 6.9% as of 3:15 p.m. ET amid the backdrop of a 1.2% gain for the S&P 500 index and a 1.7% gain for the Nasdaq Composite index.
In addition to bullish momentum for the broader market today, Tesla is gaining ground thanks to positive industry reports and analyst coverage. In addition to a Reuters report stating the EV specialist was seeing seeing strong sales in China, the company’s stock is also getting a boost from a price target increase from Canaccord.
Tesla stock revs up on China data
Reuters recently published a report on Tesla’s sales performance in…
