Tesla Stock Price and Forecast: Elon's Twitter saga steals limelight from $TSLA
TSLA CEO Elon Musk is still engaged in Twitter takeover proposal.moved higher on Monday in relatively subdued trading due to the Easter break. Tesla closed up 2% on about 17 million shares traded when the average daily volume would usually be north of 25 million. However, the stock still performed well, outpacing gains made by the major indices on Monday.There is a lot to digest with Tesla as ever, especially when you have a CEO as colorful as Elon Musk.
More specifically and immediately, Tesla releases Q1 earnings after the close on Wednesday. This quarter may escape the effects of recent lockdowns in Shanghai, which have forced Giga Shanghai to close and suspend production due to covid outbreaks. The latest information appears to be that Giga Shanghai will reopen on a phased basis this week. TF International Securities analyst Ming-Chi Kuo, however, thinks the factory will not reach pre-covid capacity until mid-May.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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