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News  ›  Benzinga

What's Going On With The Uptick In Tesla Stock?

Benzinga Logo Benzinga By Evette Mitkov
What's Going On With The Uptick In Tesla Stock?

Tesla stock traded higher after board member Kimbal Musk sold 56,820 shares worth $25.6 million. The stock remains volatile amid Federal Reserve policy expectations and tech sector sentiment.

Insights
FFAIW   positive

Company is making progress on vehicle production, filing innovative patents, and showing strategic planning for future growth


TSLA   neutral

Stock showed mixed signals with insider selling but maintained positive trading territory. Company has strong revenue growth (21.91% average) but high forward P/E ratio (200.0), indicating potential volatility.