Can Tesla stock hit $400 after its flying Roadster reveal?
Photo: Finbold
Tesla (NASDAQ: TSLA ) stock surged 4.5% in premarket trading on Friday, October 16, after CEO Elon Musk unveiled thte new “Tesla flying car” at a SpaceX (NASDAQ: SPCX ) facility in Waco, Texas. The even naturally reignited investor enthusiasm for the carmaker’s products, while growing speculation about a potential merger with SpaceX added to the momentum and put some recent upward price revisions in the spotlight. The new Roadster model comes with a number of ambitious features, including compressed-air thrusters developed in collaboration with SpaceX, which allowed the vehicle to briefly lift off the ground and accelerate from zero…
Source: Finbold
