The Nasdaq Stock Market ended the session with Tesla jumping 4.89% to $639.83 on Monday while the Nasdaq Stock Market jumped 0.97% to $12,498.40.
Tesla today’s close was $639.83, 2.26% below its 52-week high of $654.32.
Tesla’s sales growth is 35.4% for the present quarter and 59.8% for the next. The company’s growth estimates for the ongoing quarter and the next is 114.6% and 265.2%, respectively.
Year-on-year quarterly revenue growth grew 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 valued at $639.83 at 16:30 EST, below its 52-week high of $654.32 and way higher than its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s worth is way higher than its 50-day moving average of $495.33 and way higher than its 200-day moving average of $369.98.
Previous days news about Tesla
Tesla equity sale comes at a good time for index-fund trackers. According to Bloomberg Quint on Wed Dec 9, “Tesla has surged nearly eightfold in 2020, swelling its market cap from just $75 billion at the start of the year. “, “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 they’ll 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.”, “Brinkman raised his price target on Tesla to $90 from $80, citing the $5 billion at-the-market offering announced on Tuesday, and maintained the sell-equivalent rating on the stock. ”
‘not only overvalued, but dramatically so’: 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 traded at $635.86 per share as of 11:40 a.m. “, “The dueling trends suggest Tesla’s surging stock price might be driven more by “speculative fervor” than the company’s recent performance, the analysts said.”
Tesla gets go-ahead to resume clearing trees for german plant. According to Bloomberg Quint on Thu Dec 10, “It had also ordered Tesla to stop cutting pine trees on the 83-hectare (205 acres) plot for the few days it took to consider the complaint by the environmental groups.”, “Tesla is clearing the land for stockpiling and the installation of pipelines needed for construction of the factory, local authorities said last month when approving the works.”
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.”, “A potential supply agreement, reported previously by local outlet 3News and the blog Electrek, would send metal from Steel Dynamics’ new plant in Sinton, Texas, currently under construction to Tesla’s new factory, which is also being built in the state. ”
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. “, “Tesla shares have rallied 650% this year, compared with gains around 15% for the S&P 500 index. ”
Tesla stock falls after jefferies downgrade: ‘we don’t believe in Tesla domination’. According to MarketWatch on Fri Dec 11, “Houchois argued that the auto industry’s size is one other factor that could hold Tesla back from “domination.” “, “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. ”
Tesla to replace apartment investment and management in s&p 500. According to MarketWatch on Fri Dec 11, “S&P said that Tesla would be joining the S&P 500 last month. “, “The mystery is over: The company leaving the S&P 500 index to make room for Silicon Valley juggernaut Tesla Inc. is Apartment Investment and Management Co.”
Tesla to replace real-estate stock in s&p 500. According to The Wall Street Journal on Fri Dec 11, “Tesla shares have skyrocketed this year, up more than 600%, with much of those gains coming in the past month. “, “Individual investors and fund managers who actively buy stocks pounced on the news that the stock would join the index, anticipating a surge in demand that would push Tesla shares even higher. ”
Elon Musk’s move to texas is a publicity stunt that reveals how Tesla is maturing as an automaker. According to Business Insider on Sat Dec 12, “By choosing Texas for its second US assembly plant, Tesla has finally started acting strategically like the dominant automaker it intends to be. “, “You’d also assume that Musk would take an interest in supervising, as much as he’s able, Tesla’s first “clean sheet” US factory – a corrective to everything that’s wrong, from a production standpoint, with Fremont. ”
Tesla to replace apartment investment and management REIT upon its inclusion in the s&p 500 index later this month. According to Business Insider on Sat Dec 12, “Tesla stock is up 629% year-to-date. “, “Funds that are benchmarked to the S&P 500 could also spur demand for Tesla stock. ”
Musk calls on Tesla workers to boost output through end of year. According to Bloomberg Quint on Sat Dec 12, “Tesla said it would meet its goal of delivering half a million cars worldwide this year during October’s earnings report. “, “Elon Musk said demand for Tesla Inc. vehicles is so high that production needs to increase as much as possible for the rest of December.”