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Tesla shares jump 9% amid tech rebound, Goldman comments

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Tesla CEO Elon Musk speaks during a meeting with Chinese Premier Li Keqiang (not pictured) at the Zhongnanhai leadership compound in Beijing on January 9, 2019.

MARK SCHIEFELBEIN | AFP | Getty Images

Tesla shares jumped more than 9% on Monday amid a broad-based rebound in the technology sector, and as Goldman Sachs said that demand is picking up in China.

“Tesla global weekly app downloads have recently been tracking up on a year-over-year basis, with the most recent full week of global data up about 20% yoy,” the firm said in a note to clients Monday, while noting that the company typically has “much stronger deliveries in the last month of each quarter.”

Still, the firm has a neutral…



Source cnbc.com

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