Tesla shares struggle to maintain momentum even as Wall Street voices remain optimistic about the EV maker’s long-term potential.
Tesla (TSLA) Receives Rare Upgrade Despite Market Hesitation
Tesla (TSLA) stock experienced significant volatility on Friday, spending much of the trading session in negative territory despite receiving a notable upgrade and strong endorsement from a historically bullish analyst. The electric vehicle manufacturer’s shares initially rose a few dollars from Thursday’s close, trading above $266, but those gains quickly evaporated as the stock dropped to as low as $250.73 during the session, completely erasing its post-election rally.
By late trading, Tesla (TSLA) managed to eke out a minimal 0.1% gain, closing at $263.47, while broader market indices like the S&P 500 and Dow Jones Industrial Average advanced 0.4%.
