Tesla's October Surge: Trade Truce and Production Boost

Tesla's stock price surged 3.3% to $426.78 following a Buy rating from Melius Research and increased production at its Shanghai factory, fueled by easing U.S.-China trade tensions and a broader market rally. Despite recent volatility and mixed reactions to budget-friendly Model Y variants, Tesla stock is up 12.5% this year, rewarding long-term investors amidst lingering economic uncertainties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.