Tesla’s stock rose to 7% in early trading today, briefly surpassing the $800 per share level it hit last week before paring back gains by skleb1234
After last week’s volatile swings—in which Tesla shares were at one point up by 50%—the stock is on the move yet again, rising slightly on Monday even as some analysts on Wall Street warn that its wild speculative trading has led to stretched valuations.
Tesla’s stock rose up to 7% in early trading on Monday, briefly surpassing the $800 per share level it hit last week before paring back gains: It is now up by just around 1.5% for the day, sitting near $760 per share. Much of that was thanks to positive news out of China: The Shanghai municipal government said last Friday that it would help companies dealing with coronavirus closures, like Tesla, to “resume production as soon as possible,” ReutersTesla’s new gigafactory in Shanghai—its first in China, a potentially huge market for the electric-vehicle maker—has been temporarily closed in recent weeks amid the coronavirus outbreak, but is now scheduled...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 things to know before the stock market opens MondayU.S. stock futures were pointing to a lower open Monday for the Dow. Despite Friday's nearly 1% decline, the Dow finished the week 3% higher.
Read more »
Stock market live updates: Nasdaq record, Ackman trims Chipotle, Amazon all-time highLive updates of what's moving the market, including the latest on the coronavirus and FedEx.
Read more »
Everything You Need to Stock an Alcohol-Free Home Bar, According to BartendersIndulge your inner mixology nerd, minus the hangover
Read more »
15 cheap stock picks to buy for big buybacks, dividends: Goldman Sachs - Business InsiderGOLDMAN SACHS: These 15 stocks offer cash returns at more than double the market average — and they're available at a discount
Read more »
Burger King parent's stock rises on earnings beatPopeyes Louisiana Kitchen's chicken sandwich permanently returned in November.
Read more »
Tesla's parabolic trading may be a warning about a broader stock market sell-offWhile investors may look at Tesla's wild ride as crazy trading in just one stock, some analysts say its bubbly behavior could be a warning.
Read more »