Tesla Shares Jump as Musk Promises ‘Full Self-Driving’ Features This Summer
Tesla Inc’s (TSLA ) Autopilot system may be under increased scrutiny, but it still has the potential to get investors excited.
The electric carmaker’s stock jumped close to 5% on Monday after Musk surprisingly disclosed in a tweet on Sunday that “full self-driving features” would be rolled out this summer via a software update to Autopilot, Tesla’s driver-assistance system.
The update, Version 9 of Autopilot, is expected in August. The revelation came via a Twitter reply to an Autopilot driver who asked about a lane-merging problem in the current software.
Musk also responded that the issue in question would be fully fixed in the August update.
Tesla Stock Gets Price-Target Increase As Model 3 Production Improves
Tesla (TSLA) stock received a price-target increase Friday from a Wall Street analyst who believes gross margins for the automaker’s Model 3 will improve as it scales to higher production, thus helping it achieve profitability.
Nomura analyst Romit Shah raised his price target on the stock to 450 from 420 with a buy rating. That’s a 40%
premium from where the stock currently trades.
Today's Trade of the Day | 6-12-18
TRIP TripAdvisor showing relative strength yesterday as the stock market closed near the low. The stock price also traded into obvious bullish order flow the recent 2 weeks, and held the bid. Game planning a new swing trade long. Setting a new $57.50 buy stop to trigger the new entry. Initial profit target comes in at $66, with a stop loss on a close below $56.
Stocks to Trade | Tuesday Edition 6-12-18
Bullish Momentum: SRE, ROKU, TSLA, BZUN, STX, HEAR, KORS, EXAS, BIDU, EXPE, SIG
Bearish Momentum: wb, lrcx, fslr
Double Normal Volume: IQ, ROKU, SRE, FSLR
Inside Days: msft, aapl, hal, qcom, nvda, celg, lb, bhge, nov, dks, skx, mxim, xlnx, rspp
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