Tesla's Share Surge

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

CEO Elon Musk announced on Wednesday a projection of 20-30% growth in vehicle sales for the next year, which reassured investors about improvements in Tesla's core electric vehicle business and alleviated concerns regarding the timeline for robotaxi production.

This positive update contributed to a 0.5% uplift in Nasdaq futures during early morning European trade.