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Tesla shares pop 12% in Frankfurt on strong sales forecast

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(Reuters) – Tesla (NASDAQ:TSLA)’s Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors.

CEO Elon Musk on Wednesday forecast vehicle sales would grow by 20-30% next year, reassuring investors Tesla was improving its core electric vehicles business, and reducing concerns about when it could produce a robotaxi.

Its positive update helped lift Nasdaq futures by around 0.5% in early morning European trade.

This post appeared first on investing.com

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