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Tesla shares rose early Tuesday after gaining on Monday, but gains didn’t last as the car maker tries to come out of its post-earnings dip. Shares of the electric-vehicle maker traded as high as $326.
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Why Tesla Stock Jumped Today
Shares of Tesla (NASDAQ: TSLA) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.3%.
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Tesla shares plunged as much as 10% in early trading Thursday as investors digested another dismal quarter of car sales – and CEO Elon Musk’s admission that slump may not end anytime soon.
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Tesla Stock Drops After Earnings Miss as Musk Warns of 'Rough Quarters' Ahead—Watch These Levels
Tesla shares tumbled in extended trading Wednesday after the EV maker's quarterly results fell short of Wall Street’s expectations and CEO Elon Musk warned of a "few rough quarters" ahead. Monitor these key chart levels.
Tesla shares are falling after CEO Elon Musk warned of “a few rough quarters” as the company shifts focus to offering a self-driving taxi service.
Investors knew electric vehicle (EV) sales have been slumping for Tesla ( TSLA -8.44%). The EV leader announced a 13.5% year-over-year drop in second-quarter deliveries on July 2. Yet the stock is tanking today after Tesla reported its full second-quarter financial update today.
Tesla shares took a hit Thursday after the company reported a 16% decline in automotive sales and a 12% decline in total revenue for the second quarter compared with one year ago.
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Tesla’s stock fell 8% after its poor Q2 report, but the ‘Musk Magic’ premium is still sky-high
Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.
A Tesla analyst sees over 25% upside to the current share price based on the discounted future valuations of the company's segments.