Tesla Just Signed a $16.5 Billion Chip Deal
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Tesla shares rose early Tuesday after gaining on Monday, but gains didn’t last as the car maker tries to come out of its post-earnings dip. Shares of the electric-vehicle maker traded as high as $326.
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Why Tesla Stock Jumped Today
Shares of Tesla (NASDAQ: TSLA) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.3%.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Tesla shares plunged as much as 10% in early trading Thursday as investors digested another dismal quarter of car sales – and CEO Elon Musk’s admission that slump may not end anytime soon.
Tesla has normally been a good investment. While it hasn't always outperformed the market, the automotive stock has generated returns of around 1,700% over the past decade, while the S&P is up around 200% over that time frame. Tesla's good years have more than outweighed the bad ones during that stretch.
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President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Tesla shares took a hit Thursday after the company reported a 16% decline in automotive sales and a 12% decline in total revenue for the second quarter compared with one year ago.
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Tesla’s stock fell 8% after its poor Q2 report, but the ‘Musk Magic’ premium is still sky-high
Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.
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Tesla Stock Drops After Earnings Miss as Musk Warns of 'Rough Quarters' Ahead—Watch These Levels
Tesla shares tumbled in extended trading Wednesday after the EV maker's quarterly results fell short of Wall Street’s expectations and CEO Elon Musk warned of a "few rough quarters" ahead. Monitor these key chart levels.
Tesla also faces challenges with its robotaxi offering, but it's well positioned, provided it can demonstrate safety and efficacy. Funnily enough, it could be argued that Tesla (NASDAQ: TSLA) isn't really a pure EV company either.
A Tesla analyst sees over 25% upside to the current share price based on the discounted future valuations of the company's segments.
Tesla is scheduled to report its second-quarter results after the market closes on Wednesday, with investors expecting the electric vehicle maker's stock could make a sizable move.