Tesla has been somewhat immune to the crisis with its shares jumping 3.39% to $588.10 at 11:08 EST on Thursday, following yesterday’s downward trend. The Nasdaq Stock Market is rising 0.66% to $12,430.90, following yesterday’s downward trend, on what at the moment seems, a somewhat positive trend exchanging session today.
Tesla’s last close was $568.82, 3.35% below its 52-week high of $607.80.
News about Tesla today
Tesla gains after goldman seizes street-high target in upgrade. According to today’s article on Bloomberg Quint, “Goldman Sachs is newly bullish on Tesla Inc., upgrading the electric-car manufacturer to a buy rating from neutral and raising its price target to $780, now the highest on Wall Street.”
Tesla jumps after Goldman Sachs upgrades the automaker’s stock and boosts its price target by 40%. According to today’s article on Business Insider, “Shares in Tesla jumpeded on Thursday after Goldman Sachs upgraded its stock to “buy” from “neutral” and boosted its price target to $780, currently the highest on Wall Street.”
An $11 billion tech-focused hedge fund scored a 52% gain by betting on Tesla and against scandal-ridden Wirecard this year, a report said. According to today’s article on Business Insider, “New York-based Coatue Management has been one of the best-performing big hedge funds in 2020, scoring a gain of 52% through November. ”
Tesla’s sales growth is 36.1% for the current quarter and 59.8% for the next. The company’s growth estimates for the present quarter and the next is 112.2% 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 $588.10 at 11:08 EST, under its 52-week high of $607.80 and way above its 52-week low of $65.45.
Tesla’s Moving Average
Tesla’s worth is way higher than its 50-day moving average of $456.78 and way higher than its 200-day moving average of $347.09.
Previous days news about Tesla
S&P’s decision to add Tesla in one shot demonstrates the power of passive investing. According to CNBC on Tue Dec 1, “Standard & Poor’s action on Tesla showed the growing power of indexers and passive investing.”