2 weeks Ago By [email protected] (MENAFN)
Tesla stock gained over 11% in Monday's trading session, closing at $278.39, up $29.68 on volume of over 160 Million shares.
The stock was also making gains in after-hours trading. According to an article from Bloomberg , "Cathie Wood's Ark Investment Management LLC remains bullish on Tesla Inc. and expects the stock will hit $2,600 in five years, or almost 10 times its current price.
" With all of the recent anti- Elon Musk and Tesla narrative in the past few weeks the stock had taken some big hits in the market. But did anyone really believe that was the end of the Tesla story ? This is Elon Musk we are talking about. He just rescued stranded astronauts and is going to Mars - a few nutjobs setting cars on fire is not going to stop this guy.
The stock's rise was also aided by a more positive market sentiment overall on a lessoning of Trump tariff's fears Research more EV stocks with Investorideas free stock directory About Investorideas - Big Investing Ideas Investorideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye.
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