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Tesla Inc (TSLA) Outperforms Market, Receives Bullish Rating Tuesday: Is it Time to Buy?

Tuesday, February 27, 2024 11:04 AM | InvestorsObserver Analysts

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Tesla Inc (TSLA) Outperforms Market, Receives Bullish Rating Tuesday: Is it Time to Buy?

Tesla Inc (TSLA) stock is higher by 1.2% as the Electric Vehicle stock increases $2.4 and outperforms the market Tesla Inc (TSLA) stock is higher by 4.15% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Tesla Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TSLA!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TSLA Stock Today?

Tesla Inc (TSLA) stock is trading at $201.80 as of 11:04 AM on Tuesday, Feb 27, a gain of $2.40, or 1.2% from the previous closing price of $199.40. The stock has traded between $201.00 and $205.60 so far today. Volume today is light. So far 39,715,364 shares have traded compared to average volume of 108,509,321 shares. To see InvestorsObserver's Sentiment Score for Tesla Inc click here.

More About Tesla Inc

Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2021 were a little over 936,000 units. Click Here to get the full Stock Report for Tesla Inc stock.

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