American company Tesla bought a German company Grohmann Engineering, that specialised in developing systems for batteries and fuel elements. Per prognoses, Tesla plans to increase its production in 5 times till 2018. Company Grohmann Engineering is the first Tesla’s purchase in Europe. Tesla can extend the production in Europe, that will positively affect on company’s stock growth.
From the beginning of November, Tesla stocks increased by 4,5% and continue to grow. This is a great trend for traders to make income deals. Trading will be available during American session, from 14:40 to 21:00 GMT.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.