14.04.2020 TESLA Daily Analysis

14.04.2020 TESLA Daily Analysis

Tesla on Monday was one the biggest movers after gaining double digits in an upward trend. The stock closed at $650.95. The stock had initially during the day gone up by as much as 17%. So why's the stock making such massive jumps? The main reason could be China. The Company's number one market that had been one the most afflicted has reported easing in the coronavirus cases. Wuhan the epicenter of the virus has finally been released from a 3-month lockdown. This encouraging developments and a recovering economy have seen auto sales pick up. So far the company has reported 112000 deliveries and it's the goal of 500000 deliveries for 2020 is looking like it can be achieved. The stock currently has a pre-market value of $683.20(+4.95%).