Tesla Stock Price Could Hit New All-Time High This Year
The world’s largest electric vehicle maker Tesla stock price fell close to 25% from its previous all-time high of 900 that it had hit early this year. The selloff is totally blamed on investor's profit takings and rotation towards value stocks that are benefiting from economic reopening.
Nio Stock Jump 22% on Upgrades, Shares Up 1285%
Nio stock price soared almost 22% after JP Morgan upgraded the price target to $40 a share with an overweight rating as the firm expects Nio to be the biggest long-term winner in the premium space. The demand for electric vehicles and the external battery has been growing at a robust pace in China.