Tesla, Samsung and Stock
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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.
1don MSN
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%.
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.
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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Moves following corporate earnings, which often clarify the technical picture for a stock, are pointing to gains for some well-known names.
5don MSN
Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.
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.
A Tesla analyst sees over 25% upside to the current share price based on the discounted future valuations of the company's segments.