General Category > EV Stocks

Tesla stock prices jump 17%

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Richard230:
The business section of my newspaper today reports that Tesla's stock got a nice 17% boost yesterday, thanks to Adam Jones, a Morgan Stanley analyst making favorable comments about the company yesterday. He said that the company's stock price could reach $70 some day and stated that EV sales could reach more than 15% of vehicles sold by 2020. Yesterday Tesla's stock "surged" $4.04 to $27.75, apparently in response to this report.

However, Mike Omotoso, the senior manager of the global powertrain section of J.D. Power & Associates, is not so enthusiastic about electric vehicles and believes that they will only make up 2% of sales by 2020.

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