Shares of Tesla rose 4.06% to $634.77 at 11:09 EST on Monday, following yesterday’s downward trend. The Nasdaq Stock Market is rising 1.27% to $12,535.60, following yesterday’s downward trend, This seems, at the moment, an all-around positive trend trading session today.
Tesla’s last close was $609.99, 3.08% below its 52-week high of $654.32.
Tesla’s sales growth is 35.4% 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 Top and Bottom Yearly Value
Tesla’s stock is valued at $634.77 at 11:09 EST, under its 52-week high of $654.32 and way above 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 above 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, "With $22 billion worth of shares changing hands each day, Tesla is the highest-volume stock on U.S. exchanges over the past three months, data compiled by Bloomberg show. ", "To be sure, a lot of Tesla stock trades with or without the offering, making it a bit easier on index trackers to locate shares. "
Tesla shares are ‘dramatically overvalued,’ jpmorgan says. According to Bloomberg Quint on Wed Dec 9, "The analyst pointed out that in the past two years Tesla shares have risen over 800%. ", "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, "The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash – and shared one IPO on his radar.", "”You can play with the numbers any way you like, but one or the other of the required assumptions still seems very difficult to conceive in any imagined scenario,” the analysts said, adding that such hypotheticals justify only Tesla’s current price and not the potential upside."
Tesla gets go-ahead to resume clearing trees for german plant. According to Bloomberg Quint on Thu Dec 10, "Any major delays would be bad news for Tesla, which is on an ambitious timetable to have the plant up and running by the middle of next year. ", "For the second time this week, a court told Tesla to stop chopping down trees on the land where the plant will be built. "
Steel dynamics jumps on report it will supply Tesla truck steel. According to Bloomberg Quint on Thu Dec 10, "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. ", "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. ", "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, "”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. ", "Houchois argued that the auto industry’s size is one other factor that could hold Tesla back from “domination.” "
Tesla to replace apartment investment and management in s&p 500. According to MarketWatch on Fri Dec 11, "Don’t miss: Tesla joining the S&P 500 is ‘mother of all’ stock-market events", "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, "But in the case of Tesla, the switch isn’t as simple as buying one stock and selling another for the fund managers who track the index.", "Wall Street has been buzzing about Tesla’s possible inclusion in the S&P 500 over the past six months. "
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, "So last week’s news that CEO Elon Musk is moving to Texas, where Tesla is preparing to build a new factory, wasn’t exactly shocking. ", "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, "The S&P Index Committee told investors late last month it decided to include Tesla to the S&P 500 Index.", "Tesla will also replace Occidental Petroleum when it’s added to the S&P 100 index later this month, S&P said. "
Musk calls on Tesla workers to boost output through end of year. According to Bloomberg Quint on Sat Dec 12, "Tesla’s shares have surged more than 600% this year amid a streak of consecutive quarterly profits. ", "Tesla said it would meet its goal of delivering half a million cars worldwide this year during October’s earnings report. "