๐ฐThe most popular electric car maker stock surges after upbeat quarterly results
Tesla (TSLA.US) shares soared more than 5% today after Elon Musk's company delivered its best quarter ever for revenue despite sectoral problems involving shipping and component shortages. Also it seems that investors digested concerns regarding overstretched valuation.ย The stock currently trades at 20 times sales and 451 times last yearโs earnings. More details related to Tesla's quarterly results and a detailed analysis of the company's shares are available in our today's "Stock of the week" post.
Tesla (TSLA.US) stock rose sharply during today's sessionย and is approaching its all-time high at $902.00. However if sellers will manage to halt advances here, then downward correction towards major support at $765 may be launched. Source: xStation5
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