Shares of Tesla slid 2.73% to $615.96 at 10:49 EST on Wednesday, following yesterday’s downward trend. The Nasdaq Stock Market is rising 0.02% to $12,597.90, after two sequential sessions in a row of gains. This seems, so far, a somewhat positive trend trading session today.
Tesla’s last close was $633.25, 6.23% under its 52-week high of $654.32.
News about Tesla today
FA center: why Tesla bulls are in the driver’s seat as the stock nears inclusion in the s&p 500. According to today’s article on MarketWatch, "In January 2020 Tesla was the most heavily shorted U.S. stock, with 18.2% of its float (total tradable shares) sold short. ", "More: Tesla may be ‘most remarkable’ stock market ‘story of them all’, says strategist"
Tesla’s sales growth is 35.4% for the current 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 $615.96 at 10:49 EST, below its 52-week high of $654.32 and way above its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s value is way higher than its 50-day moving average of $505.55 and way above its 200-day moving average of $376.78.
Previous days news about Tesla
Tesla stock falls after jefferies downgrade: 'we don't believe in Tesla domination'. According to MarketWatch on Fri Dec 11, "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. "
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. ", "See also: Tesla stock to be added all at once to S&P 500"
Tesla to replace real-estate stock in s&p 500. According to The Wall Street Journal on Fri Dec 11, "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. ", "Goldman Sachs Group Inc. analysts initially said such activity would push Tesla shares up to $600 by the inclusion date. "
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, "Tesla picked up the Fremont plant in 2010, paying just over $40 million for a factory that had been jointly operating by General Motors and Toyota (it was called “New United Motor Manufacturing, Inc.” or NUMMI, and before that, it was known as Fremont Assembly).", "As for Musk actually living in Texas … well, he’s been selling off all his residences in California, and these days, he seems to spend much of his time jetting between the Bay Area, Los Angeles, Nevada (where Tesla’s battery factory is located), China, Europe – you get the idea. "
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, "Funds that are benchmarked to the S&P 500 could also spur demand for Tesla stock. ", "This will create unprecedented demand for Tesla stock as mutual funds and ETFs indexed to the S&P 500 will be forced to buy the stock."
Musk calls on Tesla workers to boost output through end of year. According to Bloomberg Quint on Sat Dec 12, "Tesla didn’t immediately respond to a request for comment Saturday.", "Tesla said it would meet its goal of delivering half a million cars worldwide this year during October’s earnings report. "
VW CEO pits world’s largest car plant against new Tesla site. According to Bloomberg Quint on Tue Dec 15, "Volkswagen AG Chief Executive Officer Herbert Diess told top managers the German manufacturer will pit its largest plant against the Tesla Inc. factory that’s under construction near Berlin, according to people familiar with the matter."