Tsla current stock price in pre-market action

In pre-market action, TSLA current stock price hovered close to $199.54, influenced by news of potential supply chain partnerships in Southeast Asia. Analysts see this as a possible lever for gross margin improvement. Also, we should mention that TSLA has a PEG ratio of 11.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Automotive - Domestic industry currently had an average PEG ratio of 2.5 as of yesterday's close. These 10 stocks could mint the next wave of millionaires › The EV sector’s ETF flow data shows capital rotation away from legacy automakers into pure-play EV stocks, which may bolster TSLA current stock price above the $199.54 support zone.