(Reuters) – Tesla’s Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors. CEO Elon Musk on Wednesday forecast vehicle sales would grow by 20-30% next year, reassuring investors Tesla was improving its core electric vehicles business, and reducing concerns about when it could produce a robotaxi. Its […]
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Tesla shares pop 12% in Frankfurt on strong sales forecast
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(Reuters) – Tesla’s Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors.
CEO Elon Musk on Wednesday forecast vehicle sales would grow by 20-30% next year, reassuring investors Tesla was improving its core electric vehicles business, and reducing concerns about when it could produce a robotaxi.
Its positive update helped lift Nasdaq futures by around 0.5% in early morning European trade.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)