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Tesla Stock Price Rises Despite Poor First Quarter Performance

(New York = Yonhap Infomax) Reporter Seonyoung Jeong = The stock price of Tesla, an American electric vehicle company, rose despite a poor performance in the first quarter.

Daily Tesla stock price graphYonhap Infomax

According to the current Yonhap Infomax stock price (screen number 7219) at 8:44 am on the 24th (local time), Tesla’s stock price traded at $160.86, up $16.18 (11.18%) from the previous trading day in after-hours trading . before the opening of the New York Stock Exchange.

Tesla announced yesterday that its first quarter sales fell for the first time in four years.

According to the performance report released by Tesla, Tesla’s first quarter sales were $21.31 billion (about KRW 29.3102 trillion), a decrease of 9% from the same period last year ($23.329 billion).

In addition, Tesla has reportedly laid off approximately 6,000 workers in Texas and California.

Tesla stock price fell for 7 consecutive trading days starting on the 12th and then showed an upward trend for 2 consecutive trading days.

Some Wall Street experts slightly adjusted their investment views or stock price targets for Tesla.

Wedbush’s Dan Ives kept a buy rating on Tesla stock, but lowered his target price from $300 to $275.

syjung@yna.co.kr

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This article was published on the Infomax financial information terminal at 21:59, two hours earlier.

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