Elon Musk's Tesla could soon cost $280 again.
After Tesla's CEO Elon Musk announced the company's growth and forecasted its future, the company appreciated by about 6% today. Therefore, what is expected in the coming weeks is an increase in the asset's price.
The S&P500 consumer discretionary sector (+0.4%) is outperforming broader market, thanks in the part to a sizable gain in Tesla ( 189.95, + 6,73 +3.7%) after CEO Elon Musk said the to purchase chip for AMD (AMD 175.13, -2.16,-1.2%)Tesla also disclosed that's expects its Expenditures to exceed $10.00 billion in 2024 and be between $8 to $10.00 billion in each the following two fiscal years.
A loss in Amazon.com ( AMZN 159.04, -0.08, -0.1%), meanwhile, acts as a drag on the sector.
Have you already invested today, or are you waiting? Does TSLA feature in your portfolio? If not, have you considered the unpredictable future of assets and that they might provide good results soon? Then consider diversifying your portfolio and don't miss the chance to increase your wealth by 20% by the end of the year.
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