Tesla Shares Are 8% Amid Strong Tech Stocks ↑...the highest price this year

Shares of U.S. electric vehicle maker Tesla jumped 8% on the back of the new model's popularity in China and an upward revision of its target share price by a large investment bank, amid a string of major tech stocks in New York.

Tesla shares closed at $428.22 and 623,488 won on the New York Stock Exchange, up 8.04% from the previous day, the highest price since December 27 last year.

Tesla's rise was the biggest, with major tech stocks such as Apple, Nvidia, Microsoft, Alphabet, Amazon and Meta all rising.News that the new Model Y, codenamed

'Juniper', has been gaining popularity in China since the first day of pre-ordering is believed to have affected the stock price increase.

In addition, the fact that large investment bank Morgan Stanley raised Tesla's price target to $800 within a year based on its robo-taxi potential seems to have pushed up the stock price in conjunction with macroeconomic indicators.