Shares of Tesla slid 2.38% to $618.15 at 11:49 EST on Wednesday, following yesterday’s downward trend. The Nasdaq Stock Market is jumping 0.2% to $12,619.70, after two sequential sessions in a row of gains. This seems, up to now, a somewhat positive trend trading session today.
Tesla’s last close was $633.25, 5.85% 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. ", "But try telling that to Tesla bulls, who at least so far have enjoyed the last laugh at short-sellers’ expense. "
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 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 $618.15 at 11:49 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 worth 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, "The mystery is over: The company leaving the S&P 500 index to make room for Silicon Valley juggernaut Tesla Inc. is Apartment Investment and Management Co.", "The move puts Tesla automatically in the portfolios of countless index-tracking funds, cascading down to managed funds that will have to rebalance its portfolios."
Tesla to replace real-estate stock in s&p 500. According to The Wall Street Journal on Fri Dec 11, "Goldman Sachs Group Inc. analysts initially said such activity would push Tesla shares up to $600 by the inclusion date. ", "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, "Nobody in their right industrial mind would put a new car plant in California, so Tesla was an outlier. ", "By choosing Texas for its second US assembly plant, Tesla has finally started acting strategically like the dominant automaker it intends to be. "
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, "Tesla will also replace Occidental Petroleum when it’s added to the S&P 100 index later this month, S&P said. ", "Tesla’s highly anticipated inclusion in the S&P 500 later this month will result in the dropping of Apartment Investment & Management from the index, S&P said in a statement on Friday."
Musk calls on Tesla workers to boost output through end of year. According to Bloomberg Quint on Sat Dec 12, "Tesla said it would meet its goal of delivering half a million cars worldwide this year during October’s earnings report. ", "Elon Musk said demand for Tesla Inc. vehicles is so high that production needs to increase as much as possible for the rest of December."
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."