Tesla surges 28% in two days as traders look beyond coronavirus disruption [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
Tesla surges 28% in two days as traders look beyond coronavirus disruption (Reuters) - Shares of Tesla Inc ( TSLA.O ) surged 12% on Tuesday after Credit Suisse upgraded its rating on the electric carmaker and as Wall Street rallied on optimism the coronavirus outbreak was reaching a plateau. The stock has jumped 28% in the past two days as investors look beyond disruptions caused by the pandemic, which has forced Tesla to close its California factory, furlough workers and cut salaries. Credit Suisse raised its rating on Tesla to “neutral” from “underperform,” saying short-term changes in demand related to the outbreak will distract traditional automakers like General Motors ( GM.N ) and Ford Motor ( F.N ) in their gradual transition toward electric vehicles. “Coronavirus disruption will make it more difficult for legacy automakers to balance the long-term shift (to electric vehicles) in the face of near-term cycle disruption,” Credit Suisse analyst Dan Levy wrote in a research no
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- 11/10/25 - Form SCHEDULE
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