Tesla Stock Rebounds After Initial Drop
Electric car maker's stock price recovers from early losses
Tesla's stock price fell sharply in early trading on Monday, but has since recovered most of its losses. The stock is now trading at around $1,015 per share, down about 2% from its closing price on Friday.
The initial drop in Tesla's stock price was likely due to a combination of factors, including concerns about the company's production targets and the overall health of the global economy. However, Tesla's stock has since rebounded as investors have become more optimistic about the company's long-term prospects.
Tesla is scheduled to report its third-quarter earnings later this month. Analysts are expecting the company to report strong results, as demand for electric vehicles continues to grow. Tesla has also been ramping up production of its new Model 3 sedan, which is expected to be a major driver of growth for the company in the coming years.
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