Tesla Inc TSLA shares are trading higher by $11.64 (3.8 percent) at $314.63 in Monday's session.
On Thursday, the company is expected to rollout a Class 8 truck with a 300- to 450-mile range. Although some Wall Street analysts are skeptical of the profit potential of the new vehicle, many investors are purchasing shares ahead of the unveiling.
See Also: Tesla's Semitruck Unveil: A Preview
After a lower open, Tesla continued in the direction until it found support at $299.11 and reversed course. It has continued to make new highs for the session with the current one standing at $314.95 as of 1:45 p.m. EST.
The stock is now in a lightly traded area that was bypassed completely when it swooned on November 2 from $321.08 to $299.26 after its worst-than-expected Q3 report.
© 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.
