$TSLA - Tesla stock climbs for first day in six as Elon Musk promises record sales
Tesla Inc. stock on Thursday rose for the first time in six sessions, boosted by a leaked email from Chief Executive Elon Musk promising record-breaking sales for the company.
Tesla TSLA, +2.31% shares were up 2%, hovering around the psychologically important $200 mark.
Earlier Thursday, Electrek, an online publication mostly focused on the Silicon Valley car maker, reported that Musk had sent an email to employees late Wednesday, saying that Tesla could beat a previous delivery record and had more than 50,000 net new orders for this quarter.
“Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history!” Musk reportedly wrote in the email.
Musk last week reportedly sent an email about “hard-core” cost cuts, which spooked Wall Street and kicked off Tesla’s extended downdraft. In recent days, several Wall Street analysts have lowered their expectations for the company and aired their concerns, mostly centering on demand fears and liquidity.
Tesla shares have lost 30% in the past 12 months and 42% so far this year. That contrasts with gains of about 3% and 13% for the S&P 500 index SPX, -1.27% in the same period.
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