Tesla
stock was rising early Monday following a good run the previous week.
Tesla
stock was up 0.7% at $194.84 in premarket trading while
S&P 500
and
Nasdaq Composite
futures were up 0.6% and 1.3%, respectively.
Shares of the electric-vehicle maker’s peers were also moving.
Lucid
was up 0.3%,
NIO
shares gained 0.3%.
BYD
stock gained 0.9% in Hong Kong trading.
General Motors
rose 0.4% to $38.71.
Two commercials were screened during the Super Bowl Sunday urging drivers to boycott Tesla’s self-driving technology. It’s the second year that technology entrepreneur Dan O’Dowd’s The Dawn Project used the event to campaign on road safety.
Also, Tesla has reduced prices on some U.S. Model Y cars until Feb. 29, Reuters reported, just a few weeks after making cuts in Germany.
Tesla dropped the cost of the rear-wheel drive Model Y and long-range version by $1,000 to $42,990 and $47,990 respectively, it reported.
Tesla was contacted for comment on both the Super Bowl commercials and the price cuts, early Monday.
Tesla stock closed Friday at $193.57, with a gain of 2.1%. Tesla was well off its 52-week high of $299.29, which the company reached last summer.
Trading volume of 84.48 million remained 31.61 million below its 65-day average volume of 116.09 million.
Write to Rupert Steiner at [email protected]
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