Market Overview

Dual Catalysts Have Tesla Back Near All-Time Highs

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Telsa Inc (NASDAQ: TSLA) shares are trading higher by $11.00 (2.5 percent) at $370.01 in Tuesday's session. There are two catalysts in place that may be accounting for some of today's gains.

  • Berenberg upgraded the stock from Hold to Buy and has raised its price target from $193.00 to $464.00
  • Well-known investor Ron Barron touted the company while appearing on CNBC, stating he remains uber-bullish on the stock.

After a higher open, Tesla's stock had a brief retreat to $366.61 before continuing its move higher. So far, the rally has come shy of it all-time high from Friday at $376.87, as the current high stands at $372.42.

 

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