TSLA is trading at $447.97 (+3.35%) as the company launches a new Easy Loan program in China to counter recent sales declines and boost demand for Model 3 and Model Y.
- The stock is rebounding from yesterday's -2.60% close at $433.45, building on a volatile uptrend with gains in four of the past five trading sessions.
- The new financing initiative is specifically designed to stimulate the Chinese market and will remain available through May 31.
- Despite the rally and a 0.37% rise in the Nasdaq, some analysts flag overbought signals and maintain a price target of $420.