Tesla shares jump after Musk says company may have 'a record quarter on every level'
CNBC - Wed 12 Jun 12:40 GMT

CEO Elon Musk said that he believes the electric automaker has a "decent shot at a record quarter."

Tesla shares jump after Musk says company may have 'a record quarter on every level'

  Tesla shares rose on Wednesday after CEO Elon Musk said that he believes the electric automaker has a "decent shot at a record quarter on every level."

  Cowen has an underperform rating and a $140 price target on Tesla shares.

  Tesla's stock is down nearly 35% for the year as of Tuesday's close of $217.10 a share but the stock has slowly come back after hitting a low of $179 a share last week.

  A key metric for Tesla sales bounced back last month, as the company's Model 3 vehicle saw deliveries higher than expected in May.

  Overall, Tesla increased total U.S. sales in the month of May by 73% compared to last year, according to data from Motor Intelligence.