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Tesla Stock Hits 28-month Low Amid Post-Twitter Sell-off
(RTTNews) - Shares in Tesla are at a 28-month low as investors continue to sell stock of the luxury electric car maker after its CEO Elon Musk acquired social-media company Twitter, Inc. in April. The performance of Tesla has been on a down track since the Twitter deal with Musk seemingly focusing more on Twitter as its CEO.
The Tesla stock hit an all-time high of $407.36 in November 2021 and has since lost more than 70 percent as of date. The stock has traded in the range of $121.02 to $402.67 in the past 52 weeks.
The stock is trading in Tuesday's pre-market session at $115.65, down $7.31 or 5.94 percent.
The stock has been steadily declining after it hit a recent high of $381.82 on April 4, when Musk revealed a 9.2 percent stake in Twitter. Musk finally completed the acquisition of Twitter in a deal valued at $44 billion in October.
Musk has also sold more than $39 billion worth of Tesla stock since the company's market capitalization peaked.
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Tesla Stock Gains As Robotaxi Hits On Austin Roads
Tesla Inc. officially launched its highly anticipated Robotaxi driverless taxi service in Austin, Texas, on Sunday. Currently, the company is providing service in limited areas of Austin. The vehicles were confined to certain streets, and the riders reportedly included investors and social-media influencers who live-streamed their trips. On the Nasdaq, Tesla shares are currently gaining around 7
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Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22
Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
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24 days ago
Tesla Shares Plunge 14%, Loses $152 Bln Amid Elon Musk - Donald Trump Fallout
Shares of Tesla Inc. plunged around 14 percent on Thursday's trading on the Nasdaq, losing around $152 billion from its market capital in a single day, after CEO Elon Musk's feud with US President Donald Trump turned into a full-blown public war of words. Tesla's market capitalisation reached below the $1 trillion mark and ended the day at $916 billion. However, the shares returnd to a gain...
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29 days ago
Tesla Chair Denies Report Of CEO Search To Replace Elon Musk
Tesla Inc. chair Robyn Denholm has denied a Wall Street Journal report that its board was searching for a replacement for Chief Executive Officer Elon Musk. On the social media platform X, she called the report as "absolutely false." Shares of Tesla had fallen around 3 percent on Wednesday's trading following the news. However, with the denial of the report, the stock is currently gaining.
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Tesla Stock Gains As Musk Plans DOGE Cutback, Despite Weak Q1
Shares of Tesla, Inc. were gaining around 7 percent in the pre-market hours on the Nasdaq, continuing an upbeat activity on Tuesday's after-hours, after CEO Elon Musk announced that he will reduce time with President Donald Trump's Department of Government Efficiency or DOGE significantly, starting in May. The announcement on the luxury electric vehicle maker's earnings call came after reporting..
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73 days ago
Tesla Stock Hit On First Decline In Annual Deliveries
Shares of Tesla, Inc. fell around 6.1 percent on Thursday's regular trading after the luxury electric vehicle maker reported a decline in annual deliveries for the first time. The company also reported weak production in the year and in the fourth quarter, while quarterly sales were higher. On the Nasdaq, Tesla stock moved 1.1 percent higher in the extended trading on Thursday.
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Elon Musk's $56 Bln Pay Package Not To Be Reinstated, Judge Rules
Tesla Inc. Chief Executive Officer Elon Musk's $56 billion pay package, which was approved by its shareholders, has been rejected by a Judge for the second time, noting that the compensation plan was improperly granted. Meanwhile, Tesla said the court's decision is wrong, and that the electric vehicle maker is going to appeal.
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Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval
Rivian Automotive Inc.'s shares gained around 13 percent on Monday's regular trading after reports emerged that the all-electric automaker has reached a conditional settlement with EV major Tesla Inc., regarding its four-year old lawsuit. The shares were gaining 7% further in the pre-market activity on the Nasdaq, despite a slight drop in previous day's extended trading, after Rivian announced...
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222 days ago
