Tesla, Inc. (NASDAQ:TSLA) shares rose strongly in premarket trading on Wednesday, signaling that the new-found upward momentum could carry the stock through.
In premarket, the stock rose 2.06% to $242.29, according to Benzinga Pro data.
The upside comes amid the news that the company has sent out invitations for the November 30 Cybetruck launch event. This was confirmed by Martin Viecha, Tesla’s VP of Investor Relations.
He hinted that the rate could be achieved in 2025 and said the production ramp-up will be tough.
Later, appearing on the “Joe Rogan Experience” podcast, Musk said the company is aiming to produce 200,000 units or maybe a little more.
The Cybertruck preorders now total over two million, according to a crowdsourced reservation tracker.
The stock could also be receiving support from the expectations concerning interest rates after Tuesday’s tame inflation data.
If the premarket gains hold, the stock could rise toward its post-earnings level seen on October 18.
