Shares of Tesla 3.37% to $605.92 at 13:06 EST on Friday, following yesterday’s upward trend. The Nasdaq Stock Market is 1.18% to $12,259.00, following yesterday’s upward trend, This seems, , an all-around trend today.
Tesla’s last close was $627.07, 7.99% its 52-week high of $654.32.
News about Tesla today
Tesla stock falls after Jefferies downgrade: ‘we don’t believe in Tesla domination’. According to today’s article on MarketWatch, “Tesla Inc. shares are off 1.7% in premarket trading after Jefferies analyst Philippe Houchois downgraded the stock to hold from buy while raising his price target to $650 from $500. “We don’t believe in Tesla domination given the industry’s structure and politics, but the multiple challenges to the industry business model (EVs, batteries, software, autonomy, design-to-manufacture and direct selling) ensure a durable competitive edge, with a ‘messianic. brand reaching far beyond autos,” he wrote, including into areas like battery supply, grid storage, and autonomous driving.”
Tesla’s sales growth is 35.4% for the quarter and 59.8% for the next. The company’s growth estimates for the quarter and the next is 114.6% and 265.2%, respectively.
Year-on-year quarterly revenue growth by 39.2%, now sitting on 28.18B for the twelve trailing months.
Tesla’s Stock Top and Bottom Yearly Value
Tesla’s stock is at $605.92 at 13:06 EST, its 52-week high of $654.32 and way its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s is way its 50-day moving average of $487.93 and way its 200-day moving average of $365.32.
Previous days news about Tesla
Tesla raising up to $5 billion in third share sale this year. According to Bloomberg Quint on Tue Dec 8, “Tesla Inc. is taking advantage of its surging shares by going back to the capital markets for the third time in ten months and raising as much as $5 billion of common stock.”
Tesla sells some more of its hot product. According to Bloomberg Quint on Tue Dec 8, “I mean, wouldn’t you? Tesla Inc. is taking advantage of its surging shares by going back to the capital markets for the third time in ten months and raising as much as $5 billion of common stock.”
Tesla plans stock sale, closing year of soaring gains. According to The Wall Street Journal on Tue Dec 8, “Tesla Inc. plans to raise as much as $5 billion through new sales of stock, capitalizing on a market tear that has sent its shares zooming this year.”
Tesla is watching its stock price too. According to The Wall Street Journal on Tue Dec 8, “Tesla is wisely ringing the cash register amid a stunning stock rally. Speculators should take notice.”
Tesla stock has rebounded from an early decline as analysts stay positive. According to MarketWatch on Tue Dec 8, “Shares of Tesla Inc. bounced back into record territory Tuesday, erasing an earlier sharp slide, even as the electric vehicle market leader filed for the sale of up to $5 billion worth of stock.”
Tesla CEO Elon Musk says he has moved to Texas. According to MarketWatch on Tue Dec 8, “Tesla Inc. Chief Executive Elon Musk said at The Wall Street Journal event Tuesday that he has moved to Texas. The reason is to be able to follow closely the new Tesla factory going up outside of Austin and privately held SpaceX’s startship program, also in the southern state, he said.”
Tesla CEO Elon Musk says he has relocated to Texas. According to Bloomberg Quint on Tue Dec 8, “Elon Musk has moved to Texas to focus on two big priorities for his companies: SpaceX’s new Starship spacecraft and Tesla Inc’s new Gigafactory,”
Tesla equity sale comes at a good time for index-fund trackers. According to Bloomberg Quint on Wed Dec 9, “With Tesla Inc. about to be added to the S&P 500, people have wondered where index-tracking mutual funds will find the $80 billion of stock the’âll need to own in Elon Musk’s car-maker.”
Tesla shares are ‘dramatically overvalued,’ JPMorgan says. According to Bloomberg Quint on Wed Dec 9, “Tesla Inc.’s shares are now dramatically overvalued and investors thinking of raising their holdings in the company ahead of its impending addition to the S&P 500 Index should not, JPMorgan analyst Ryan Brinkman wrote in a note on Wednesday.”
Tesla stock should be avoided ahead of the automaker’s S&P 500 inclusion, JPMorgan says. According to Business Insider on Wed Dec 9, “Tesla’s upcoming inclusion in the S&P 500 has investors considering taking an equal-weight position in the stock. JPMorgan advises they wait.”
Tesla gets go-ahead to resume clearing trees for German plant. According to Bloomberg Quint on Thu Dec 10, “Tesla Inc. has overcome a legal hurdle that threatened to delay Elon Musk’s plan to build his first electric-car factory in Germany.”
Steel dynamics jumps on report it will supply Tesla truck steel. According to Bloomberg Quint on Thu Dec 10, “Steel Dynamics Inc. shares jumped on a report that its new Texas plant could soon be supplying Tesla Inc. with steel for its upcoming truck, thrusting the producer into the automotive market in a big way.”
Tesla completes $5 billion stock sale in one day. According to MarketWatch on Thu Dec 10, “Tesla Inc. completed the sale of $5 billion of its common stock on Wednesday, the company said in a filing late Thursday. The Silicon Valley car maker announced the equity tap on Tuesday, and a final settlement is expected to be completed by Friday, according to the filing. Tesla shares have rallied 650% this year, compared with gains around 15% for the S&P 500 index.”