Shares of Tesla dropped 5.67% to $655.58 at 15:37 EST on Monday, after two sequential sessions in a row of gains. The Nasdaq Stock Market is sliding 0.28% to $12,720.50, following yesterday’s downward trend, This seems, as yet, a somewhat rough trend exchanging session today.
Tesla’s last close was $695.00, 6.01% below its 52-week high of $695.00.
News about Tesla today
Tesla drops 4.5% in first day of trading on the s&p 500 index. According to today’s article on Bloomberg Quint, "More than $150 billion worth of Tesla shares traded on Friday, ahead of the index inclusion.", "Read more: Tesla’s Road to the S&P 500 Was a Wild Ride, These Charts Show"
Tesla is technically the 'spiders' 5th highest weighted component. According to today’s article on MarketWatch, "Tesla is entering the SPY, affectionately known as the "Spiders," with a market capitalization of $658.79 billion, compared with Alphabet’s market cap of $1.17 trillion, and enough to make it the sixth-most valuable company in the ETF. ", "Tesla Inc. is technically a lot smaller than Google-parent Alphabet Inc. , but it technically carries a higher weighting in the SPDR S&P 500 ETF (SPY), given that Alphabet’s weightings are split between its Class A and Class C shares. "
Tesla, Zoom, Nike: what to watch when the stock market opens today. According to today’s article on The Wall Street Journal, "Tesla joins the S&P 500 today after closing at its latest record high on Friday. "
Stocks making the biggest moves in the premarket: Tesla, Nike, JPMorgan chase & more. According to today’s article on CNBC, "Tesla (TSLA) – Tesla joins the S&P 500 index as of today, following a high-volume day of trading Friday as index fund managers prepared for its inclusion. ", "Tesla will have the 6th largest market cap in the index, behind Apple, Microsoft, Amazon, Alphabet, and Facebook. "
Tesla fuels $166 billion bonanza in a risky corner of finance. According to today’s article on Bloomberg Quint, "For example, Tesla’s first convertible was a $600 million issue in May 2013 with a conversion price of $124.52. ", "The eightfold surge in Tesla’s shares this year building up to Monday’s disruptive debut in the S&P 500 has supercharged the value of its outstanding notes."
Dow loses grip on 30,000 early Monday as investors worry about coronavirus spread; Tesla sees first trade as s&p 500 member. According to today’s article on MarketWatch, "Markets also are focused on Tesla Inc. , which is seeing its first trading day as an S&P 500 member."
3 takeaways for retail investors now that Tesla has joined the s&p 500. According to today’s article on MarketWatch, "Tesla officially joined the S&P 500 index on Monday, putting the electric car maker amid the array of the country’s 500 largest publicly-traded businesses.", ""It is not that [Tesla] is a bad company, it is just you are paying a lot for future growth that may, or may not, be there.""
Tesla shares slide on first day of trading in s&p 500. According to today’s article on The Wall Street Journal, "Shares of Tesla Inc. declined in their S&P 500 debut Monday as the massive wave of demand that had propelled the stock ahead of its inclusion subsided.", "The electric-car maker’s shares slumped 5.1% in morning trading, suggesting some investors were cashing out following Tesla’s addition to the S&P 500. "
Tesla stock has made its debut in the s&p 500. do you know if you're an owner?. According to today’s article on MarketWatch, "See: Tesla’s biggest bull stampedes to a $7,000 price target", "The chart below shows a few of the ETFs tied to the S&P 500 that have already made room for Tesla in their holdings."
Bearish bets against Tesla stock have fallen to a record low, data provider says. According to today’s article on MarketWatch, "Shares of Tesla were down 4.4% on Monday in its first day of trading as an S&P 500 member, but that downturn shouldn’t be attributed to those short sellers, with bearish bets against the Palo Alto, Calif.-based company hitting the lowest since at least 2017, according to Ortex Analytics.", "Read: has surged a respectable 14.3% in 2020, the Dow Jones Industrial Average has climbed nearly 6% in the year to date and the technology-laden Nasdaq Composite Index , where Tesla resides, is on pace for a 42% return on the year."
Tesla’s sales growth is 35.1% for the current quarter and 59.8% for the next. The company’s growth estimates for the current 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 Yearly Top and Bottom Value
Tesla’s stock is valued at $655.58 at 15:37 EST, under its 52-week high of $695.00 and way higher than its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s value is way higher than its 50-day moving average of $530.53 and way above its 200-day moving average of $387.14.
Previous days news about Tesla
Tesla joins the s&p 500: five things to watch. According to The Wall Street Journal on Fri Dec 18, "Tesla’s inclusion will prompt the dozens of index funds that track the S&P to seek to purchase tens of billions of dollars of stock at Friday’s closing price, in a bid to track the index as closely as possible. ", "Because of the firm’s size and the volatility of its shares, Tesla’s addition may ripple through the market in additional, unpredictable ways, traders said."
Elon Musk should apologize for 'insensitive' comments mocking gender pronouns, says a group that ranked Tesla as a top lgbtq-friendly workplace. According to Business Insider on Fri Dec 18, "Tesla received full marks on the HRC’s ranking this year, and is also a signatory of a HRC coalition of leading US employers that support legislation giving more federal protection to LGBTQ people.", "Tesla did not immediately reply to Business Insider’s request for comment."
Citadel trading chief says Tesla is risk to other s&p 500 stocks. According to Bloomberg Quint on Fri Dec 18, "Since S&P Dow Jones announced the news of Tesla’s addition on Nov. 16, the stock has rallied more than 60%. ", "Tesla Inc.’s historic entry into the S&P 500 could be bad news for shareholders of some other stocks in the index — at least temporarily."
Bets on Apple, Tesla, zillow and more techs will pay off in 2021, 1 analyst says. According to MarketWatch on Fri Dec 18, "It’s also a big day for Tesla – its stock price at the end of Friday , Ives believes the cutting-edge car maker will find continued success with its Giga 3 factory in China, which is slated to begin deliveries of the Tesla Model Y next month, hitting the 250,000 annual delivery target ahead of expectations.", "But initial reviews of "Cyberpunk 2077" on consoles were terrible, and now Sony has pulled the game – which features Tesla Chief Executive Elon Musk and actor Keanu Reeves – from the PlayStation store. "
Stock market hit records as wall street kicks off trade in quadruple-witching Friday; Tesla set to enter the s&p 500. According to MarketWatch on Fri Dec 18, "The day coincides with high volume and potentially outsize volatility and also comes as Tesla Inc. TSLA is expected to be added to the S&P 500 index following the close of Friday trade."
I'll take Tesla for $1, please. According to The Wall Street Journal on Fri Dec 18, "Let’s say you want to invest in Tesla Inc., which joins the S&P 500 next week. "
Tesla forced to halt some berlin site work over missed payment. According to Bloomberg Quint on Fri Dec 18, "Tesla is also still waiting for a decision from a Berlin court related to the same tree-clearing, after two environmental groups complained the company isn’t doing enough to protect local lizards and snakes.", "Any major delays would be a blow for Tesla’s ambitious timetable to have its first European factory up and running by the middle of next year. "
Tesla gains 4% to record-highs ahead of its unprecedented inclusion in s&p 500 index. According to Business Insider on Fri Dec 18, "Shares of Tesla are up 684% year-to-date as of Thursday’s close, while the S&P 500 is up 15% over the same period.", "Tesla gained as much as 4% and hit all-time-highs on Friday ahead of its unprecedented inclusion into the S&P 500 index."
Stock market briefly hits records as wall street kicks off trade in quadruple-witching Friday; Tesla set to enter the s&p 500. According to MarketWatch on Fri Dec 18, "The day coincides with high volume and potentially outsize volatility and also comes as Tesla Inc. is expected to be added to the S&P 500 index following the close of Friday trade."
Buying Tesla as it heads into the s&p 500? here's one analysis you should read. According to MarketWatch on Fri Dec 18, "S&P Dow Jones Indices announced Tesla’s inclusion on Nov. 16, after snubbing the company in an earlier rebalance. ", "S&P Global Ratings upgraded its rating on Tesla bonds to BB, leaving the company’s measure of creditworthiness only two rungs away from the coveted investment-grade classification."
Dow ends lower but finishes off Friday's worst levels as lawmakers stumble toward coronavirus aid deal; Tesla officially in s&p 500. According to MarketWatch on Fri Dec 18, "The day’s trading action also was colored by a monstrous rebalancing of the S&P 500 and a quadruple-witching Friday that comes as Tesla was official gaining inclusion into one of the most exclusive clubs on Wall Street: The S&P 500. ", "Shares of Tesla finished the session gained 0.4%. "
Tesla stock ends with one final rally ahead of s&p 500 debut. According to MarketWatch on Fri Dec 18, "Since the S&P addition’s announcement, Tesla has added $271.96 billion in market value, which is greater than Toyota Motor Co.’s market capitalization, currently around $213 billion.", "In fact, that valuation jump since the November announcement is about where Tesla was valued in mid-July, and is more than the market value of 483 S&P 500 companies, or nearly 97% of the companies in the index."
Tesla jumps 6% in heavy volume ahead of s&p 500 entry, stock then falls a bit in after hours. According to CNBC on Fri Dec 18, "Shares of Tesla traded more than four times their 30-day average volume on Friday as passive funds bought the stock ahead of Tesla joining the S&P 500. ", "Amid the heightened volume, Tesla shares rose 5.96% on Friday to close at a record high of $695 after swinging between gains and losses during the final hour of trading. "
Tesla shares hit record after last-minute surge. According to The Wall Street Journal on Fri Dec 18, "Tesla Inc. shares roared to a record high on the eve of their inclusion in the S&P 500, punctuating a 2020 rally that has propelled the electric-car maker into the ranks of the most-valuable U.S. companies.", "Tesla trading was heavy throughout Friday before rising to a fever pitch in the last moments of the market day, when index funds that track the S&P began preparing to purchase billions of dollars worth of Tesla stock to match their holdings with the broad index."
Hungry index funds cram Tesla into the s&p 500 at a record high. According to Bloomberg Quint on Fri Dec 18, "While Tesla’s gyrations looked violent on price screens, especially as the close drew near, they were fairly standard for a stock in the process of being added to an index, said Larry Weiss, head of equity trading at Instinet LLC in New York.", "Traders spent most of the year pushing up shares of Tesla Inc. in anticipation of surging demand from index funds when it entered the S&P 500. "
Musk adds $9 billion to fortune as Tesla set to join s&p 500. According to Bloomberg Quint on Fri Dec 18, "Elon Musk’s personal fortune hit a new high Friday as Tesla Inc. prepares to make its debut in the S&P 500 Index.", "A late jump in Tesla’s share price pushed Musk’s net worth up almost $9 billion to $167.3 billion, according to the Bloomberg Billionaires Index. "
Wall street has launched an electric car SPAC craze trying to find the next Tesla. experts warn they're creating the next dot-com bubble.. According to Business Insider on Sat Dec 19, "There are a number of factors that could pop the EV industry’s SPAC bubble, according to Whiston, Kim, and Nelson: investors tiring of quarter after quarter of losses, startups failing to gain a foothold in the market while burning through their cash reserves, Tesla’s fortunes taking a turn for the worse, interest rates rising.", "Tesla is the only US automaker selling vehicles on a large scale that was founded after 1925."
The s&p 500's decision to include ultra-volatile Tesla in the index is reckless and dangerous. According to Business Insider on Sat Dec 19, "Last week, the S&P 500 had to follow-up on its controversial inclusion of Tesla and rebalance the entire index. ", "What’s guaranteed is that Tesla should continue selling itself to investors, fueling further increases in its stock price but masking the fragility of the underlying auto business."
Tesla bulls double down as stock reaches new heights. According to The Wall Street Journal on Sun Dec 20, "Tesla’s run has been so powerful that many bearish investors have abandoned their money-losing bets, sending short positions on the stock to a record low. ", "Die-hard Tesla Inc. investors are feeling vindicated: The stock is extending its relentless run, and the company is set to join the S&P 500, the most widely tracked stock benchmark in the world. "
Tesla enters the s&p 500 with 1.69% weighting in the benchmark, fifth largest. According to CNBC on Sun Dec 20, "Over 200 million Tesla shares changed hands during that single session, more than quadrupling the 30-day average trading volume.", "Tesla shares have soared more than 730% this year, bringing the company’s market capitalization to more than $658 billion. "