From Dow Jones & Company: 2024-07-11 06:56:00

Tesla stock has been on a winning streak for 11 consecutive days, gaining an impressive 44% during this span. The company’s vehicle deliveries, battery storage business, and anticipation for Tesla’s upcoming robotaxi event have contributed to the gains. Analysts have also increased stock price targets, further boosting the shares. Inflation data released on Thursday could impact Tesla stock, as investors hope for lower inflation to prompt the Federal Reserve to cut interest rates and make car purchases more affordable. Despite a slight premarket dip, Tesla stock has risen 6% this year.



Read more at Dow Jones & Company: Tesla Stock Is on 11-Day Winning Streak. Inflation Data Could Help It Get to 12.