• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

Why Tesla Stock Jumped This Week

by Prattay Mazumdar
October 30, 2021
in Markets
Reading Time: 2 mins read
0
Piper Sandler analyst issued an update increasing Tesla’s price target
TwitterWhatsappLinkedin

Portions of Tesla (NASDAQ: TSLA) flooded higher this week, ascending as much as 20.9%, as per information from S&P Global Market Intelligence. As of this composition on Friday morning, the stock is up an aggregate of 20% this week.

You might also like

Leadership Chaos Hits U.S. Copyright Office Amid AI Policy Battle

Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

Microsoft Slashes 6,000 Jobs in Strategic Shake-Up Despite Strong Profits

The development stock’s benefit was powered by the proceeded with the energy of its portions since the organization announced solid second from last quarter profit recently, a major request of Tesla vehicles from Hertz, and various examiner updates for the electric-vehicle creator’s stock.

Catching the stock’s force for the entire month, Tesla shares are up over 40% since the start of October. Quite a bit of this addition has come since the organization detailed second from last quarter income and profit per share that surpassed examiner assumptions on Oct. 20.

Here’s what people are saying:

Many didn’t get Elon’s memo. 📈$TSLA #Tesla pic.twitter.com/e2vlMULTIM

— Teslaconomics (@Teslaconomics) October 29, 2021

$TSLA the trillion dollar company that doesn’t do any paid advertising. 🤯

— Dave Lee (@heydave7) October 30, 2021

 

Adding to the stock’s energy, Hertz reported it would arrange 100,000 Tesla vehicles before the following year’s over. A couple of days after this declaration, Uber said it would utilize 50,000 of those vehicles as rentals for its drivers starting Monday.

Investigators have been cheering the organization’s presentation, with a significant number of them expanding their year value focuses for the stock. Maybe the most bullish call for Tesla shares came on Wednesday evening when Piper Sandler investigator Alexander Potter said rivalry seems, by all accounts, to be neglecting to control Tesla’s predominance. He gave shares a year value focus of $1,300.

This has been an immense year for Tesla as the organization’s income has taken off and its working edge has extended fundamentally. Its second from last quarter income expanded 57% year over year, and working edge was 14.6% – up 534 premise focuses year over year. This aided overall gain increment 389% year more than a year to $1.6 billion.

Looking forward, Tesla is sure that its drawn-out productivity will work on further.

Tags: California TeslaElon MuskMarketsStocksTeslaTesla stockstsla
Tweet54SendShare15
Previous Post

$1.2 million worth cryptocurrency confiscated by Australian Police

Next Post

Bit Digital Stock Soared Today

Prattay Mazumdar

Prattay is a Journalism and mass communication student. He is a deadline-oriented journalist with a passion for telling unique stories. Prattay is currently working as an intern at Techstory and can be reached at [email protected] .

Recommended For You

Leadership Chaos Hits U.S. Copyright Office Amid AI Policy Battle

by Harikrishnan A
May 14, 2025
0
Trump-Appointed Officials Denied Entry to U.S. Copyright Office Amid Leadership Shake-Up

In a scene straight out of a political thriller, two men arrived at the U.S. Copyright Office in Washington, D.C. earlier this week claiming to be newly appointed...

Read more

Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

by Harikrishnan A
May 14, 2025
0
Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

A new bill introduced by Republican Senator Mike Lee of Utah has reignited the nation’s long-standing debate over pornography, free speech, and federal censorship. Tapping into conservative values...

Read more

Microsoft Slashes 6,000 Jobs in Strategic Shake-Up Despite Strong Profits

by Harikrishnan A
May 14, 2025
0
Microsoft’s Copilot+ Faces Scrutiny Over New Recall Feature

Microsoft is once again making headlines with a significant round of job cuts, letting go of around 6,000 employees—roughly 3% of its global workforce. The decision, which impacts...

Read more
Next Post
Bit Digital Stock Soared Today

Bit Digital Stock Soared Today

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?