What's Going On With Tesla Stock Today

Tesla Inc TSLA shares are trading higher by 5.26% to $207.23 after the company said its Berlin Gigafactory built 4,000 Model Y units in a week. Tesla Europe tweeted the update on Sunday. 

In October last year, Tesla confirmed Model Y production had touched 2000 vehicles. The new numbers hint at a rapid ramp-up with production doubling in less than six months.

Last month, Brandenburg’s economic minister Joerg Steinbach said production would be sped up at the factory to reduce customer waiting times...Read More

What Else Is Going On With Tesla?

Tesla stock is also potentially trading higher in anticipation of the company's investor day taking place Wednesday.

In a January announcement Tesla said that "investors will be able to see our most advanced production line as well as discuss long term expansion plans, generation 3 platform, capital allocation and other subjects with our leadership team" during the event.

Our Benzinga team on Monday highlighted how most Tesla bulls have lamented about a lack of a sub-$30,000 car in the electric vehicle maker’s product pipeline. Ahead of the company’s March 1 Investor Day, New Street Research analyst Pierre Ferragu shared his thoughts on a budget model...Read More

See Also: Why Axsome Therapeutics (AXSM) Shares Are Trading Higher

According to data from Benzinga Pro, TSLA has a 52-week high of $384.29 and a 52-week low of $101.81.