Even though Tesla has been somewhat immune to the crisis, shares sliding 3.21% to $565.97 at 11:07 EST on Wednesday, following yesterday’s upward trend. The Nasdaq Stock Market is sliding 0.36% to $12,310.80, following yesterday’s upward trend, on what up until now seems, a somewhat negative trend trading session today.
Tesla’s last close was $584.76, 7.39% below its 52-week high of $607.80.
News about Tesla today
Tesla’s s&p 500 entry takes away secret weapon for stock pickers. According to today’s article on Bloomberg Quint, “Tesla’s S&P 500 Entry Takes Away Secret Weapon for Stock Pickers.”
Tesla’s sales growth is 36.1% 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 Top and Bottom Yearly Value
Tesla’s stock is valued at $565.97 at 11:07 EST, under its 52-week high of $607.80 and way above its 52-week low of $65.45.
Tesla’s Moving Average
Tesla’s value is way above its 50-day moving average of $453.29 and way higher than its 200-day moving average of $345.48.
Previous days news about Tesla
According to yesterday’s article on Bloomberg Quint, “Ex-Tesla Factory Worker to Pay $400,000 to End Feud With Musk.”
Ex-Tesla factory worker to pay $400,000 to end feud with musk. According to yesterday’s article on Bloomberg Quint, “The payment is part of a suggestd settlement of a lawsuit Tesla filed in 2018 that accused Martin Tripp ..”
According to yesterday’s article on Bloomberg Quint, “VW CEO Puts Audi at Center of Taking on Tesla With EVs, Software.”
S&p's decision to add Tesla in one shot demonstrates the power of passive investing. According to yesterday’s article on CNBC, “Adding Tesla to the S&P 500 on a day of quadruple witching will create a lot of trading volume and pressure on different stocks..”
Musk urges Tesla staff to pinch pennies, buoy surging shares. According to yesterday’s article on Bloomberg Quint, “Musk warned in an internal email Tesla’s rallying shares could get “crushed” if investors worry about profits..”
Tesla’s s&p 500 entry puts $70 billion of passive trades in play. According to yesterday’s article on Bloomberg Quint, “Tesla’s S&P 500 Entry Puts $70 Billion of Passive Trades in Play.”