Tesla Jumps as Good-News Rush Puts Cynics Into Hibernation

(Bloomberg) — Tesla Inc. shares touched their highest in more than a year after a host of positive news boosted sentiment for shares that have underperformed the broader market this year.The stock rose as much as 7% on Monday, touching the highest intraday level since August 2018. After the latest jump, Tesla shares are now up 15% this year, compared with a nearly 28% increase in the S&P 500 index.Earlier on Monday, Credit Suisse analyst Dan Levy said the electric-vehicle maker was leading in areas that will likely define the future of car making — namely, software and electrification. The …read more

Source:: Yahoo Finance

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