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Tesla Stock Was 3.35% Up On Wednesday

ViaNews Editorial Team

November 25, 2020

Tesla Stock Was 3.35% Up On Wednesday
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According to today's article on Bloomberg Quint, "Nikola, Tesla Shares Fall as EV Rally Frenzy Comes to a Halt." According to today's article on MarketWatch, "Tesla issues recall of 9,000-plus Model X and Model Y vehicles." The Nasdaq Stock Market ended the session with Tesla rising 3.35% to $574.00 on Wednesday while the The Nasdaq Stock Market jumped 0.48% to $12,094.40. According to yesterday's article on Bloomberg Quint, "Musk Hints Again at Longer-Range Teslas and Hatchback for Europe." According to yesterday's article on Bloomberg Quint, "Tesla Nears Half a Trillion Mark After Soaring 525% This Year." Tesla today's close was $574.00, 0.05% below its 52-week high of $573.70. Tesla's sales growth is 35.3% for the ongoing quarter and 60% 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 is valued at $574.00 at 16:43 EST, above its 52-week high of $573.70. Tesla's value is way higher than its 50-day moving average of $435.96 and way higher than its 200-day moving average of $332.14. Tesla-heavy etfs ride along as company gets a price upgrade. According to MarketWatch on Mon Nov 23, "Exchovere-traded funds with heavy exposure to Tesla Inc."
ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.