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Tesla stock performance for the week ending on July 24, 2020

Tesla stock

On Friday, July 24, 2020, Tesla, Inc. (TSLA) stock closed at 1,417.00-96.07 (-6.35%). Shares of Tesla had a 5-day performance of -5.59%. On a YTD basis, the performance for Tesla stock is +238.73%.

Stock market data: Marketwatch

Tesla, Inc. (TSLA) stock chart

Tesla, Inc. (TSLA) stock chart
Tesla, Inc. (TSLA) stock chart

Stock market data: Stockscharts


Stock market news for July 10, 2020

A higher close for the US stock market, Dow Jones gained more than 350 points, Nasdaq made a new 52-week high, yes it underperformed. Latest stock market news for July 10, 2020.

Stock market close on July 10, 2020

S&P 500: 3,185.04,+32.99(+1.05%)
Dow 30: 26,075.30,+369.21(+1.44%)
Nasdaq: 10,617.44,+69.69(+0.66%)
Russell 2000: 1,422.68,+23.76(+1.70%)

Stock market volatility

The CBOE Volatility Index (VIX) index closed lower at 27.29-1.97 (-6.73%).

Stock movers

Tesla, Inc. (TSLA) stock was a stock mover closing above the 1,5000 level, at
1,544.65,+150.37 (+10.78%).

Tesla (TSLA) stock chart
Tesla (TSLA) stock chart

Source: Stockscharts.com

Stock gainers

WiMi Hologram Cloud Inc. ADR (WIMI): 14.63, +10.79 +280.99%
Wah Fu Education Group Ltd. (WAFU): 7.18,+ 2.18 +43.60%
Inspired Entertainment Inc. (INSE): 3.28,+ 0.85 +34.98%

Stock losers

Golden Bull Ltd. (DNJR): 1.82, -0.58 -24.32%
Centogene N.V. (CNTG): 13.30, -3.77 -22.09%
Seres Therapeutics Inc. (MCRB): 4.51, -0.99 -18.00%

Most active stocks

NIO Inc. ADR (NIO): 14.98,+ 0.41 +2.81%
WiMi Hologram Cloud Inc. ADR (WIMI): 14.63,+ 10.79 +280.99%
American Airlines Group Inc. (AAL): 11.94,+ 0.76 +6.80%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Stock market news, performance for the business sectors.

The Financials sector was the best performing sector +3.48%, Healh Care was the worst performing sector -0.22%.

Stock Market, U.S. Sectors & Industries Performance for July 10, 2020
Stock Market, U.S. Sectors & Industries Performance for July 10, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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Tesla, Inc. (TSLA) stock is the definition of a financial bubble

Tesla (TSLA) stock made a new 52-week and closed above the $1,500 for the first time ever

Investing in stocks, choosing stocks to buy, stocks to sell is not an easy task. Speculators ignore the fundamentals of stocks and buy or sell stocks only to profit from short-term price movements. This is the game of the stock market. Tesla (TSLA) stock on Friday, July 10, 2020, made a new 52-week high and closed at 1,544.65,+150.37 (+10.78%).

Why I believe Tesla (TSLA) stock is extremely overvalued and a financial bubble

Two reasons:

1.Net income

2. Free cash flows

After 10 years of going public Tesla (TSLA) struggles to make a profit. And yet some Wall street analysts increase their price target on Tesla. For the years 2019, 2018, 2017 and 2016 the net income (in thousands) for Tesla was -862,000, -976,091 ,-1,961,400, and -674,914 respectively.

The free cash flows (in thousands) for the same years were 968,000, -221,714, -4,142,008 and -1,564,300 respectively. Turning to the quarterly numbers for the free cash flows, the figures for the last 4 quarters were -921,000, 976,000, ,346,400 and 590,399.

Stock market data: Yahoo Finance

The market is pushing Tesla stock higher on hopes and expectations of an inclusion soon in the S&P 500 based on profitability for the last 4 quarters. Even if this is the case the valuation of Tesla stock to my financial analysis does not justify this stock price, and is too overvalued. The catalyst that Tesla will be a dominant player in the electric cars is not credible as competition is too intense from other car manufacturers. For now speculators drive the Tesla stock much higher. But even if the stock is included in the S&P 500, after such a big stock rally, who will drive the stock price higher?

I do not own or have sold any shares of Tesla, but this stock has moved too fast and too high without any solid fundamental reason.


TSLA stock price weekly performance for June 26, 2020

TSLA stock price

TSLA stock price closed at $959.74 ,-26.24 -2.66% on June 26, 2020. Shares of Tesla (NASDAQ:TSLA) had a weekly performance of -4.11% for the week ending on June 26, 2020.

TSLA stock chart

TSLA stock chart
TSLA stock chart

Stock market data: Stockscharts,MArketWatch


TSLA stock price performance for the week ending on June 12, 2020

TSLA stock price

TSLA stock closed at 935.28-37.56 (-3.86%) on Friday June 12,2 2020. For the week ending on June 12, 202o TSLA stock had a performance of +5.60%. Shares of Tesla, Inc. (NASDAQ:TSLA) made a new 52-week the previous week. Tesla stock has a 52-week range of 211.00 – 1,027.48. Tesla stock has a Beta (5Y Monthly) of 1.17, and a PE Ratio (TTM) N/A. Tesla has a market capitalization of 173.471 Billion as of June 12, 2020.

Stock market data: Yahoo Finance, MarketWatch

TSLA stock chart

TSLA stock chart
TSLA stock chart

Source: Stockscharts.com

Tesla stock news

“Tesla stock gets two downgrades, falls below $1,000.Tesla Inc. stock lost some of its luster Friday after Goldman Sachs and Morgan Stanley moved to downgrade the shares, saying there are risks investors might have ignored as they rewarded the company with a dizzying valuation.

Tesla TSLA, -3.86% shares fell on Friday but garnered a weekly gain of 5.6%. The shares closed at a record $1,025.05 on Wednesday.”

Source: https://www.marketwatch.com/story/tesla-stock-gets-two-downgrades-falls-below-1000-2020-06-12


Tesla, Inc. (TSLA) stock price performance for June 5, 2020

Tesla, Inc. (TSLA) stock price weekly performance

Tesla Inc.(NASDAQ:TSLA) stock performance for the week ending on June 5, 2020, was -1.39%. TSLA stock price has a 52-week range of 207.51 – 968.99 and a P/E ratio that is N/A. TSLA stock has a YTD performance of +111.71%. Shares of Tesla, Inc. have a beta of 1.23, and the company has a market cap of $164.27B.

Stock market data: MarketWatch

Tesla, Inc. (TSLA) stock price daily chart

Tesla, Inc. (TSLA) stock price daily chart
Tesla, Inc. (TSLA) stock price daily chart

Source: Stockscharts

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TSLA stock price gained over 20% this week

TSLA stock

Tesla, Inc. (TSLA) stock closed at 514.36-13.80 (-2.61%) on Friday, March 27, 2020. TSLA stock for the week gained +20.31%.

Tesla, Inc. (TSLA) stock daily chart
Tesla, Inc. (TSLA) stock daily chart

TSLA stock news

Stock market data: MarketWatch, Stockscharts

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Tesla stock may be set for another volatile day today

Tesla stock news

Two very important news about Tesla stock today:

The pre-market trading for the Tesla stock as of 9:02 AM EST time shows the stock is trading at 744.11 -23.18 (-3.02%).

Stock market data: Yahoo Finance


Stock market news February 5 2020

Stock market news

Another day with strong gains for US stocks, and all major US stock market indexes closing higher. Dow 30 had the biggest gains, followed by Russell 2000. This is the stock market update at close on Wednesday, February 5, 2020:

How stock market closed on Wednesday, February 5, 2020-Financial and business news

  • S&P 500: 3,334.69,+37.10(+1.13%)
  • Dow 30: 29,290.85,+483.22(+1.68%)
  • Nasdaq: 9,508.68,+40.71(+0.43%)
  • Russell 2000: 1,681.92,+25.15(+1.52%)

Stocks biggest gainers

Biogen Inc. (BIIB) was among stocks biggest gainers closing at 332.87+49.58 (+17.50%).

BIIB daily stock chart | stocks | stock market
BIIB daily stock chart | stocks | stock market

Stocks biggest losers

Tesla, Inc. (TSLA) was among stocks biggest losers closing at 734.70-152.36 (-17.18%).

TSLA daily stock chart | stocks | stock market
TSLA daily stock chart | stocks | stock market

Stock investing | Stock trading | Most active stocks

Snap Inc. (SNAP) was among most active stocks closing at 16.19-2.79 (-14.70%).

SNAP daily stock chart | stocks | stock market
SNAP daily stock chart | stocks | stock market

U.S. Sectors & Industries Performance

Energy was the best performing sector +3.78%, Real Estate was the worst performing sector -0.07%.

Stock earnings

Notable earnings today include Twitter (TWTR), Uber (UBER), Intercontinental Exchange (ICE), Dunkin’ Brands (DNKN), Kellogg (K), Tyson Foods (TSN), Yum! Brands (YUM), Spirit Airlines (SAVE), Cigna (CI) before market open; Wynn Resorts (WYNN) after market close.

Stock market update

All data about stocks , stock investingstock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.

This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.



Stock market news February 4 2020

Stock market news

US stocks continued their rebound moving higher. A stock market rally led all major stock market indexes higher.Nasdaq made a new record close. This is the stock market update at close on Tuesday, February 4, 2020:

How stock market closed on Tuesday, February 4, 2020-Financial and business news

  • S&P 500: 3,297.59,+48.67(+1.50%)
  • Dow 30: 28,807.63,+407.82(+1.44%)
  • Nasdaq: 9,467.97,+194.57(+2.10%)
  • Russell 2000: 1,656.77,+24.56(+1.50%)

Stocks biggest gainers

Evoqua Water Technologies Corp. (AQUA) was among stocks biggest gainers cl0sing at 24.01+3.47 (+16.89%).

AQUA daily stock chart | stocks | stock market
AQUA daily stock chart | stocks | stock market

Stocks biggest losers

Micro Focus International plc (MFGP) was among stocks biggest losers closing at 10.02-2.67 (-21.04%).

MFGP daily stock chart | stocks | stock market
MFGP daily stock chart | stocks | stock market

Stock investing | Stock trading | Most active stocks

Tesla, Inc. (TSLA) was among most active stocks closing at 887.06+107.06 (+13.73%).

TSLA daily stock chart | stocks | stock market
TSLA daily stock chart | stocks | stock market

U.S. Sectors & Industries Performance

Information Technology was the best performing sector +2.60%, Utilities was the worst performing sector -1.03%.

Stock earnings

Notable earnings today include Merck & Co Inc (MRK), iRobot Corp (IRBT), General Motors Co (GM), Qualcomm Inc (QCOM).

Stock market update

All data about stocks , stock investingstock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.

This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.