Tesla shares jumped 7.29 percent to $547.2 after news in the early hours of January 22. Tesla will report quarterly earnings next week. The company’s surprise third-quarter profit and strong fourth-quarter results, as well as the start-up of its Shanghai super plant, have helped drive share stakes, with Tesla’s shares up more than 100 percent in the past three months.
On January 18th the National Highway Traffic Safety Administration (NHTSA) said it had received a petition from brian Sparks, an independent investor. The report found that Tesla cars had unexpected acceleration risks and requested a recall of 500,000 Tesla electric cars.
In response, Tesla’s president for Greater China, Lao Zhu-Tesla, responded yesterday via an official personal tweet, “This nonsense is a short tesla stock, and he is not a Tesla owner of the people.” “