Tesla, Inc. TSLA shares are moving on Thursday. Tesla filed a U.S. Patent application for neural networks for embedded devices and will be opening a new showroom in Connecticut this fall.
What To Know:
A new Tesla electric vehicle sales and delivery center will open this fall at The Shops at Mohegan Sun in Connecticut. The showroom and sales center will be located on Mohegan tribal land, skirting a law which bans direct-to-consumer automobile sales in the state of Connecticut.
TSLA shares are up more than 65% over the past year amid excitement in the electric vehicle industry. Over the last three months, shares of Xpeng, Inc. XPEV are up over 125% and shares of Nio, Inc. NIO are up over 70%.
Related News: XPeng, Volkswagen EV Collaboration: What's Going On?
TSLA Price Action: According to Benzinga Pro, TSLA shares are trading 0.73% higher at $266.27 at the time of publication.
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