Elon Musk's SpaceX Raises $1.68 Billion via Equity Financing
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Tesla (TSLA) Stock Drops Despite Stock Split and RBC Upgrade to Outperform
June 13, 2022 7:19 AM EDTTesla (NASDAQ: TSLA) shares are down over 3% in pre-market Monday after red-hot May inflation data ignited another major selloff in tech shares.
Tesla stock price is also down despite the EV maker filing to split shares 3-for-1 late Friday. Moreover, the output at Teslas Shanghai factory is operating at 100% of capacity again according to Securities Times.
RBC Capital Markets analyst Joseph Spak upgraded Tesla stock to Outperform from Sector Perform. The upgrade move comes amid a more favorable near-term set-up and belief that Tesla's focus on supply chain and vertical integration... More
