Tesla Stock Rallies Despite Analyst Skepticism On Capital Raise

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Tesla Stock Rallies Despite Analyst Skepticism On Capital Raise
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Tesla Inc (NASDAQ:TSLA) stock initially rallied on Tuesday immediately following the company’s Q1 production and delivery release. However, after several analysts cut their price targets for Tesla stock in response to that release, it later flipped into the red. Although the automaker said it doesn’t expect to need another capital raise this year, at least three analysts still expect one. Commentary around a China trade war didn’t help either, especially as CEO Elon Musk engaged President Trump on Twitter regarding the matter.

In general, the headlines for Tesla stock just aren’t good, and yet, it rallied after the market opened this morning.

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