Tesla just had its best week since May 2013
Publishing timestamp: 2023-01-27 17:46:36
Summary
Tesla shares surged 33% this week, marking their best weekly performance since May 2013. CEO Elon Musk said company was on target to potentially produce 2 million vehicles in 2023. Other U.S.-based electric vehicle makers saw their shares climb higher. Analyst reaction to Tesla's numbers was mixed. Short sellers view Tesla's appreciation as having created "an overheated and overbought stock that is due for at least short-term reversal."
Sentiment: MIXED
Tickers: GM, LCID, TSLA, F, RIVN, AAPL, .SPX,
Keywords: business news, tesla inc, lucid group inc, technology, climate, general motors co, apple inc, rivian automotive inc, ford motor co, elon musk, s&p 500 index, autos,