Tesla nears $1,000 as investors eye Semi, China potential

Jun. 10, 2020 7:50 AM ETTesla, Inc. (TSLA)TSLABy: Clark Schultz, SA News Editor166 Comments
  • In a leaked email, Tesla (NASDAQ:TSLA) CEO Elon Musk says that he wants to bring the Semi commercial truck to volume production
  • Musk indicated that production of the battery and powertrain will take place in the Gigafactory in Nevada, with most of the other work taking place in other locations.
  • In C-suite news, Tesla VP of Business Development Robin Ren has reportedly left the company after helping with the company's efforts in Shanghai.
  • Earlier today, Wedbush talked up Tesla's potential in China.
  • Shares of Tesla are up 5.52% premarket to $992.50 and are less than 1% away from cracking the $1,000 barrier.
  • Previously: Tesla tagged with higher price target at Wedbush (June 10)

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