Tesla Stock Looks to Put Win-Streak Record Out of Reach As It Rises Toward 14th-Straight Gain
Dow Jones2023-06-14
Tesla Inc.’s stock keeps rallying, as they rose 2% in premarket trading Wednesday toward a 14th-straight gain.
The electric vehicle giant’s stock, which set a fresh record on Monday with its 12th-straight gain, has rocketed 41.5% over the past 13 trading sessions.
Late Tuesday, Tesla raised starting prices in the U.S. for its Model Y EVs by $250, after the company had cut prices earlier this year to boost sales.
What’s also been supporting the win streak, Tesla and General Motors Co. said last week that GM owners would have access to Tesla’s “Supercharger” network, and after Tesla confirmed last week that all of its Model 3 EVs qualify for $7,500 in federal tax credits.
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Congratulations to anyone who got in at the lows, but surely fundamentals haven't changed that much. This stock will be in profit taking territory soon and might experience a short term dip
