Tesla climbs in premarket trading
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Wall Street futures edge up ahead of jobs data
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Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
The stock has been on a roller coaster ever since President Trump’s election. The shares fell nearly 15% this week.
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
Tesla would need to grow earnings at a very high rate over an extended span to justify its current stock multiple.
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Visionary entrepreneur Elon Musk might be tempted to solve the problem of commercializing air taxies, also known as electric vertical take-off and landing (eVTOL) vehicles.
Musk has long promised an autonomous Tesla vehicle, with estimates of delivery that were always “two or three years away.” Now a hand-selected group will be able to see the potentially game-changing car in action in the Texas capital for themselves.
Trump’s tariffs and the trade war continue to affect the economy and global markets. Follow along for live updates on the jobs report as well as the Dow, S&P 500 and Nasdaq.
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
US stock futures extended gains after a stronger-than-expected jobs report eased fears about a slowdown in the economy.