Why Tesla Stock Popped Ahead of First-Quarter Deliveries
Tesla (NASDAQ: TSLA) shares are finally having a good day. Investors may be anticipating good news tomorrow when the electric vehicle (EV) leader is expected to provide first-quarter production and delivery results.There is some reason for optimism, but the risk of bad news coming also exists. Some of the latter is already priced into the stock, though. Tesla shares have plunged by about 32% year to date. That's after the stock jumped 6.2% as of 11:55 a.m. ET today.Concerns about falling sales have come as protests against Tesla and CEO Elon Musk have expanded. Musk's role as President Trump's head of the newly created Department of Government Efficiency (DOGE) has stirred controversy. Reports have said Tesla sales are falling in Europe. Sales in France have reportedly dropped 41% in the first quarter year over year, for example.Continue reading
Tesla (NASDAQ: TSLA) shares are finally having a good day. Investors may be anticipating good news tomorrow when the electric vehicle (EV) leader is expected to provide first-quarter production and delivery results.
There is some reason for optimism, but the risk of bad news coming also exists. Some of the latter is already priced into the stock, though. Tesla shares have plunged by about 32% year to date. That's after the stock jumped 6.2% as of 11:55 a.m. ET today.
Concerns about falling sales have come as protests against Tesla and CEO Elon Musk have expanded. Musk's role as President Trump's head of the newly created Department of Government Efficiency (DOGE) has stirred controversy. Reports have said Tesla sales are falling in Europe. Sales in France have reportedly dropped 41% in the first quarter year over year, for example.
