What is causing Tesla Inc (NASDAQ: TSLA) shares to rise on Thursday?
Analyst Philippe Houchois of Jefferies maintained Tesla with a Buy rating and reduced the price objective from $1250 to $1050.
Several analysts have cut their price expectations for Tesla shares this month, citing similar fears about Chinese lockdowns.
Of April, Tesla's Giga Shanghai was stopped down for three weeks due to an increase in COVID-19 instances.
Because of finance worries, Tesla CEO Elon Musk's continuing discussions to purchase Twitter Inc (NYSE: TWTR) have also impacted on the shares.
According to a Thursday morning SEC filing, Musk has increased his financial pledge to $33.5 billion, which may alleviate Tesla shareholders' fears.