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Tesla critic Citron makes U-turn ahead of results

Reuters  |  NEW YORK 

By Jennifer Ablan and Munsif VengattilNEW YORK (Reuters) - Tesla Inc shares jumped more than 12 percent on Tuesday after long-time critic and short-seller Citron Research said it had a change of heart and is now betting the electric automaker's stock will rise. The firm said in a research note that Tesla's Model 3 sedan is a "proven hit" and serious competition from other automakers for the plug-in car market has not materialized, marking a sharp reversal from its previous stance. Tesla will release third-quarter earnings after the market close on Wednesday, a week earlier than it has ...

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First Published: Wed, October 24 2018. 03:34 IST