Tesla (TSLA) Pops Amid Local Reports of Gigafactory 3 Entering its Production Stage

Read The Full Article On: Teslarati

Tesla shares (NASDAQ:TSLA) are up over 3% on Monday’s intraday, exhibiting some strength on what is a rather quiet day for news surrounding the company. TSLA stock’s movements come amid unconfirmed local reports from China pointing to the possibility of Gigafactory 3 starting production activities, or at least its preparations, for Model 3 production.  

In a rather ironic turn, Monday was turning out to be a fairly quiet day for TSLA updates, save for a few tweets from CEO Elon Musk. Even TSLA stock’s page in platforms such as Yahoo! Finance showed tempered coverage amid the rise in the electric car maker’s shares. This resulted in some Tesla retail shareholders showing some surprise at the movement on TSLA stock on Monday, especially since the NASDAQ is -0.10% on the red as of writing. 

Read The Full Article On: Teslarati


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