Tesla, Inc.(NASDAQ: TSLA) led a rally in electric vehicle stocks in the week ended Jan.27 as its earnings beat and better-than-feared forward commentary encouraged traders to revisit beaten-down stocks belonging to the industry.
The rally gained steam after the company beat both earnings and revenue expectations and Musk came up with a bullish commentary.
After the Elon Musk-led company announced a string of steep price cuts across geographies, the stock began to turn the corner.
The story "Tesla's 44% January Rally, Lucid Sizzles On Going-Private Rumors, Lightyear Ditches Premium Vehicle And More: Biggest EV Stories Of The Week" has 521 words across 26 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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The story "Tesla's 44% January Rally, Lucid Sizzles On Going-Private Rumors, Lightyear Ditches Premium Vehicle And More: Biggest EV Stories Of The Week" was covered 1 months ago by Benzinga, a news publisher based in United States.
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Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.
The outlet is headquartered in United States and publishes an average of 33 news stories per day.
It's most recent story was published 8 hours ago.
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