Tesla shares, bonds jump after surprise third quarter profit

Tesla shares, bonds jump after surprise third quarter profitAs many as five brokerages raised their price targets on Tesla shares, but there were no outright upgrades and the company's average rating on Wall Street remained "hold", with just 11 of 34 analysts recommending investors buy the stock. If those gains stick during normal trading, Tesla would again be worth more by market capitalization than General Motors, making it the United States' most valuable car company. Tesla's $1.8 billion junk bond due in August 2025 surged 3 points in price following the results, driving its yield to the lowest since March 2018.