Tesla shares pop 12% in Frankfurt on strong sales forecast
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FILE PHOTO: The name of the brand Tesla is seen on the back of an employee on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
(Reuters) - Tesla's Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors.
CEO Elon Musk on Wednesday forecast vehicle sales would grow by 20-30% next year, reassuring investors Tesla was improving its core electric vehicles business, and reducing concerns about when it could produce a robotaxi.
Its positive update helped lift Nasdaq futures by around 0.5% in early morning European trade.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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