Shares of Tesla Motors Inc TSLA spiked sharply above the $225 level on Tuesday morning. CEO Elon Musk tweeted, "Tesla product announcement at noon California time today."
Musk has been known to move Tesla shares with just a single Tweet. Traders and investors hurried into the stock as soon as the Tweet hit at 11:23 a.m. ET. Shares hit an intra-day low of $222.80 but traded recently at $226.67, up about 1.3 percent on the day.
Benzinga has contacted Tesla for comment on what the product could relate to.
Click here for a closer look into how the market reacts to Musk's twitter account.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
