Source: Benzinga
Tesla Inc.’s (NASDAQ: TSLA ) stock is trading higher by 5% Wednesday morning, pushing its valuation over $100 billion. The surge was preceded by a 7.19% higher close in Tuesday’s session, after New Street Research raised the electric vehicle maker’s price target from $530 to $800. Earlier this month, Tesla zoomed past the combined market caps of General Motors Company (NYSE: GM ) and Ford Motor Company (NYSE: F ). Tesla’s stock price has more than doubled in the last three months since it reported a profit in the third quarter . Investor sentiment is also boosted by Tesla’s … Full story available on Benzinga.com
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