Tesla (TSLA) Price Sees Slight Gain as Fremont Workers Set to Return

An ongoing back-and-forth between Tesla (NASDAQ: TSLA) and the state of California seems to have come to a head, as 30% of Tesla workers are now scheduled to return to work at their Freemont, CA plant on May 8 and resume auto production.

The overnight move has had a slight effect on the company’s stock price, which opened the day about 2% higher in today’s U.S. trading. At time of writing, price has continued to increase at a fast clip climbing past $815 already.

The move has come after the governor of California, Gavin Newsom, released a statewide plan on Thursday to begin an incremental return to normal business operations. Part of this “Phase II” loosening includes lifting of some restrictions on the manufacturing sector, which Tesla falls under.

off to a strong start

The cavalcade of news out of Tesla keeps on rolling, as just yesterday CryptoGlobe reported on Tesla CEO Elon Musk’s dramatic claim of selling all his possessions on the Joe Rogan podcast. Also yesterday, several investment analysts called Tesla stock a buy, even amid the challenges of a post-corona world.

This past week was dramatic in general, as tech companies across the board released Q1 earnings reports. One surprise was the 700% uptick in Square’s Bitcoin-derived business, through its money transfer platform Cash App. However, the actual sum is less impressive, amounting to only about $7 million.

Featured Image Credit: Photo via Pixabay.com

By: Colin Muller

Please follow my Instagram: http://instagram.com/arminhamidian67

728x90-1-1-1-1

This didn’t drop Tesla (TSLA) stock price; this did. It’s simple. Watch this video to see what really changes the price of product exchanged on the stock market. We’ll also update you on Tesla’s (TSLA) price prediction/forecast. It’s time to stop the confusion. Join Us!!! Join This Elite Group – Sign Up Here: https://www.huefinancial.com Follow us on Twitter @HueFin_News Follow us on Instagram – huefinnews Follow us on Facebook – HueFin News Inquiries: contact us at huefinnews@gmail.com Here at HueFin News we will show you that you do not need to buy expensive charting software or use indicators to understand where the market is going. The cryptocurrency market, stock market, and commodities market all speak through the charts. It is a language and it is spoken through volume and bars. It is our purpose to give you market analysis and news that is not confusing. In order to be a profitable trader you have to PREDICT with HIGH CONFIDENCE where price is LIKELY to move. Understanding market language will allow you see where price is going to move with high precision. That’s why we are giving you news (before it happens) according to the charts. Article: https://techcrunch.com/2019/04/26/elo… Make sure you subscribe to this channel to get a better understanding of the market without indicators, shapes, patterns, or expensive software. Also, leave a comment if you have any questions. HueFin News will also speak on topics that are important to you. Some topics include: cryptocurrency news, gold, silver, oil, fiat currencies, fintech, stocks, economic metrics, day trading, swing trading, FOREX, and many other topics that we feel is vital to your profitability in the financial markets. **This is not investment advice** **Trading involves risk** **This is for educational purposes only** #tesla #stockmarket #elonmusk

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.