Tesla is back in the trade
After days of poor performance in the stock market, Tesla is finally getting some attention from investors.
The previous week was definitely not a good one for Tesla because the automobile company performed poorly in the stock markets due to backlash from indiviuals concerning an accident was claimed the lives of two people and was caused by a Tesla car’s self-driving mode malfunction. This also caused Elon Musk, the CEO of Tesla, to lose $6 billion.
However, this week, luck seems to be shining on Tesla a little bit. Despite the ongoing backlash, the company’s stock has risen by 1% ahead of the premarket trade. Tesla holds the sixth position for the most valuable company on the New York Stock Exchange.
Analysts have predicted that Tesla is most likely to be occupying a higher position in the stock markets by the time the week is over.