Shares of Tesla dropped 7.68% to $599.94 at 14:21 EST on Wednesday, after four successive sessions in a row of gains. The Nasdaq Stock Market is falling 1.38% to $12,409.00, after four sequential sessions in a row of gains, on what up to now seems, an all-around rough trend trading session today.
Tesla's last close was $649.88, 9.06% under its 52-week high of $654.32.
News about Tesla today
Tesla equity sale comes at a good time for index-fund trackers. According to today's article on Bloomberg Quint, "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. Now they know: at least some of it will come from Elon Musk's car-maker."
Tesla shares are ‘dramatically overvalued,’ J.P. Morgan says. According to today's article on Bloomberg Quint, "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."
Tesla's Sales
Tesla's sales growth is 35.4% 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.
Tesla's Revenue
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 $599.94 at 14:21 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 above its 50-day moving average of $476.88 and way above its 200-day moving average of $361.69.
Previous days news about Tesla
Tesla was ordered to pay a model S buyer $175,000 for hiding structural damage on a pre-owned car. According to Business Insider on Mon Dec 7, "Tesla concealed structural damage on a used Model S it sold in China and must compensate the car's buyer, a Beijing court ruled Friday according to Chinese outlet Caixin and confirmed by Bloomberg. "
Tesla raising up to $5 billion in third share sale this year. According to Bloomberg Quint on Tue Dec 8, "Tesla Inc. is taking advantage of its surging shares by going back to the capital markets for the third time in ten months and raising as much as $5 billion of common stock."
Tesla plans stock sale, closing year of soaring gains. According to The Wall Street Journal on Tue Dec 8, "Tesla Inc. plans to raise as much as $5 billion through new sales of stock, capitalizing on a market tear that has sent its shares zooming this year."
Tesla is watching its stock price too. According to The Wall Street Journal on Tue Dec 8, "Tesla is wisely ringing the cash register amid a stunning stock rally. Speculators should take notice."
Tesla stock has rebounded from an early decline as analysts stay positive. According to MarketWatch on Tue Dec 8, "Shares of Tesla Inc. bounced back into record territory Tuesday, erasing an earlier sharp slide, even as the electric vehicle market leader filed for the sale of up to $5 billion worth of stock."
Tesla CEO Elon Musk says he has moved to texas. According to MarketWatch on Tue Dec 8, "Tesla Inc. Chief Executive Elon Musk said at The Wall Street Journal event Tuesday that he has moved to Texas. The reason is to be able to follow closely the new Tesla factory going up outside of Austin and privately held SpaceX's startship program, also in the southern state, he said. Musk stopped short of saying Tesla and SpaceX headquarters would move out of California,"
Tesla CEO Elon Musk says he has relocated to texas. According to Bloomberg Quint on Tue Dec 8, "Elon Musk has moved to Texas to focus on two big priorities for his companies: SpaceXâs new Starship spacecraft and Tesla Inc.âs new Gigafactory, currently under construction in Austin, the chief executive officer for both companies said Tuesday."