Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    86,308.43
    -1,545.87 (-1.76%)
     

  • CMC Crypto 200

    1,319.27
    -77.27 (-5.53%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Here's Why Tesla Stock Popped Today

Chris Neiger, The Motley Fool
·2 min read
Here's Why Tesla Stock Popped Today

The stock of Tesla (NASDAQ: TSLA) jumped today after Canaccord analyst George Gianarikas raised his price target for the electric vehicle company's shares and after the Senate passed the Inflation Reduction Act, which could give some electric vehicle (EV) sales a boost. Gianarikas raised his price target for Tesla's shares to $881, up from his previous price target of $815, and kept a buy rating on the stock today. The analyst believes that Tesla has a built-in advantage over other EV makers because of the company's lead in manufacturing, its ability to procure EV materials, as well as its autonomous vehicle technology, according to TheFly.com.

Continue reading