Shares of Tesla dropped 3.62% to $626.32 at 11:05 EST on Tuesday, following yesterday’s downward trend. The Nasdaq Stock Market is rising 0.46% to $12,800.90, after two successive sessions in a row of losses. This seems, at the moment, a somewhat positive trend exchanging session today.
Tesla’s last close was $649.86, 10.97% below its 52-week high of $695.00.
Tesla’s sales growth is 35.1% for the ongoing 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 Yearly Top and Bottom Value
Tesla’s stock is valued at $626.32 at 11:05 EST, below its 52-week high of $695.00 and way higher than its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s value is way higher than its 50-day moving average of $533.94 and way above its 200-day moving average of $390.58.
Previous days news about Tesla
Wall street has launched an electric car SPAC craze trying to find the next Tesla. experts warn they're creating the next dot-com bubble.. According to Business Insider on Sat Dec 19, "Many of them have capitalized on soaring interest in the stocks of EV makers Tesla and Nio by going public through mergers with special-purpose acquisition companies (SPACs). ", "Tesla is the only US automaker selling vehicles on a large scale that was founded after 1925."
The s&p 500's decision to include ultra-volatile Tesla in the index is reckless and dangerous. According to Business Insider on Sat Dec 19, "(They had considered adding Tesla in stages, but concluded that one big gulp would cause the least market confusion.)", "Underlying the Tesla stock story is a business that is now going to require a staggering amount of fundraising to vindicate the financial expansion that’s already happened, much less than actual business growth to build many millions of vehicles every year."
Tesla bulls double down as stock reaches new heights. According to The Wall Street Journal on Sun Dec 20, "Tesla bulls say the company’s potential is limitless and are buying even more stock as shares charge to new highs.", "Tesla is by far the biggest company ever added to the S&P 500; its market value ballooned even before it delivered four consecutive quarters of profits to make it eligible for inclusion."
Tesla enters the s&p 500 with 1.69% weighting in the benchmark, fifth largest. According to CNBC on Sun Dec 20, "Over 200 million Tesla shares changed hands during that single session, more than quadrupling the 30-day average trading volume.", "Investors, including passive fund managers and active managers that use the S&P 500 as a benchmark, rushed into Tesla shares in the final run-up, pushing the stock up nearly 6% on Friday to close at an all-time high of $695 a share. "
Tesla drops 4.5% in first day of trading on the s&p 500 index. According to Bloomberg Quint on Mon Dec 21, "More than $150 billion worth of Tesla shares traded on Friday, ahead of the index inclusion.", "Traders who spent most of the year pushing up shares of Tesla in anticipation of surging demand from index funds saw its climax Friday, as frantic purchases by passive managers drove the shares up almost 5% as exchanges closed. "
Tesla is technically the 'spiders' 5th highest weighted component. According to MarketWatch on Mon Dec 21, "Tesla is entering the SPY, affectionately known as the "Spiders," with a market capitalization of $658.79 billion, compared with Alphabet’s market cap of $1.17 trillion, and enough to make it the sixth-most valuable company in the ETF. ", "Tesla Inc. is technically a lot smaller than Google-parent Alphabet Inc. , but it technically carries a higher weighting in the SPDR S&P 500 ETF (SPY), given that Alphabet’s weightings are split between its Class A and Class C shares. "
Tesla, Zoom, Nike: what to watch when the stock market opens today. According to The Wall Street Journal on Mon Dec 21, "Tesla joins the S&P 500 today after closing at its latest record high on Friday. "
Stocks making the biggest moves in the premarket: Tesla, Nike, JPMorgan chase & more. According to CNBC on Mon Dec 21, "Tesla (TSLA) – Tesla joins the S&P 500 index as of today, following a high-volume day of trading Friday as index fund managers prepared for its inclusion. ", "Tesla will have the 6th largest market cap in the index, behind Apple, Microsoft, Amazon, Alphabet, and Facebook. "
Tesla fuels $166 billion bonanza in a risky corner of finance. According to Bloomberg Quint on Mon Dec 21, "Fueled by the Tesla effect, convertible bonds — which start life as low-interest debt but can turn into shares if stock prices get high enough — are poised for one of their best-ever years.", "The eightfold surge in Tesla’s shares this year building up to Monday’s disruptive debut in the S&P 500 has supercharged the value of its outstanding notes."
Dow loses grip on 30,000 early Monday as investors worry about coronavirus spread; Tesla sees first trade as s&p 500 member. According to MarketWatch on Mon Dec 21, "Markets also are focused on Tesla Inc. , which is seeing its first trading day as an S&P 500 member."
3 takeaways for retail investors now that Tesla has joined the s&p 500. According to MarketWatch on Mon Dec 21, "Tesla shares opened Monday just under $664.", ""It is not that [Tesla] is a bad company, it is just you are paying a lot for future growth that may, or may not, be there.""
Tesla shares slide on first day of trading in s&p 500. According to The Wall Street Journal on Mon Dec 21, "Shares of Tesla Inc. declined in their S&P 500 debut Monday as the massive wave of demand that had propelled the stock ahead of its inclusion subsided.", "The electric-car maker’s shares slumped 5.1% in morning trading, suggesting some investors were cashing out following Tesla’s addition to the S&P 500. "
Tesla stock has made its debut in the s&p 500. do you know if you're an owner?. According to MarketWatch on Mon Dec 21, "The chart below shows a few of the ETFs tied to the S&P 500 that have already made room for Tesla in their holdings.", "Investors in these ETFs this morning "may have had either an early Christmas present or a lump of coal," Rosenbluth told MarketWatch, depending on their views of Tesla – and of the stocks that made way for it in the portfolio."
Bearish bets against Tesla stock have fallen to a record low, data provider says. According to MarketWatch on Mon Dec 21, "Shares of Tesla were down 4.4% on Monday in its first day of trading as an S&P 500 member, but that downturn shouldn’t be attributed to those short sellers, with bearish bets against the Palo Alto, Calif.-based company hitting the lowest since at least 2017, according to Ortex Analytics.", "That said, the analyst says Tesla likely will be tested in the coming days and weeks."