Tesla Inc (NASDAQ:TSLA) is trading higher Thursday on continued strength after CEO Elon Musk recently announced he had sold enough stock to reach his goal of selling 10% of his Tesla stake.
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A TrueCar forecast also projected that Tesla's fourth-quarter sales in the U.S. will come in at 97,417 vehicles, representing an increase of 42.80% year-over-year and a 28.80% increase quarter-over-quarter.
TrueCar predicts that Tesla will deliver 36,300 electric vehicles in the U.S. in December, representing a 34.70% increase year-over-year and about a 7% increase compared to last month. According to the report, Tesla sold 33,980 electric vehicles during the month of November.
Related Link: Tesla Q4 Sales Expected To Jump 43% On Robust December Deliveries: TrueCar
TSLA Price Action: Tesla has traded as high as $1,243.49 and as low as $539.49 over a 52-week period.
The stock was up 5.56% at $1,064.98 at time of publication.
Photo: courtesy of Tesla.
