TSLA Stock: 1.04% Increase (From $670.94 To $677.95) Pre-Market Explanation

By Amit Chowdhry ● May 6, 2021
  • The stock price of Tesla Inc (NASDAQ: TSLA) increased from $670.94 to $677.95 pre-market. This is why it happened.

The stock price of Tesla Inc (NASDAQ: TSLA) increased from $670.94 to $677.95 pre-market. Investors appear to be responding to a report published by Electrek.

Tesla had reportedly communicated to employees that the production capacity for the second quarter is already sold out due to strong demand for its vehicles. And there is still 2 months left in the quarter.

“We’ve seen a real shift in customer perception of electric vehicles and our demand is the best we’ve ever seen. We’re used to seeing a reduction in demand in the first quarter and we saw an increase in demand that exceeded the normal seasonal reduction in demand in in Q1,” says the report.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.