09.04.2020 TESLA Daily Analysis

09.04.2020 TESLA Daily Analysis

Tesla is one of the big market movers. The stock has been gaining momentum ever since releasing their first Quarter delivery report and beating analysts' expectations. The stock closed at $548.84 in the Wednesday session and currently has a premarket value of $553.00(+4.16). Tesla will be granting all non-essential workers leave of absence and cut salaries as the virus outbreak stops production. Tesla currently plans to resume production on May 4. As much as the stock and the company are doing really well and have got the backing of a number of analysts on wall street some analysts are advising investors to trade with caution as the latest numbers don’t reflect the extent of damage coming from the coronavirus shock.