:max_bytes(150000):strip_icc():format(jpeg)/INV_TeslaDealership_GettyImages-1494887228-d84da0e690bd42fea0ebf3a667fc85bc.jpg "A Tesla Model Y on a Tesla dealership lot in Austin, Texas")
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Yesterday’s hit stock has cooled a bit today—but it’s still working its way higher.
Shares of EV maker Tesla (TSLA) were up approaching 3% in early trading Friday to around $268, outperforming the benchmark S&P 500. (Read today’s markets coverage here.) That’s small dramatic than the numbers the stock turned in Thursday as the company saw its shares rise 22%, its biggest percentage on in more than a decade, on the back of an earnings report and outlook investors cheered.
Today’s move has the stock on keep a record of for a weekly gain of about 21% from last Friday’s close of $220.70. It has the company’s market capitalization at approximately $840 billion, according to Visible Alpha data. Analysts tracked by Visible Alpha have yet to catch up to Tesla’s most recent ride higher, with their mean price target at about $232.
It also comes as the other six of the so-called Luxurious Seven megacap tech shares—Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT) and Nvidia (NVDA)—go up, with all but Apple up more than 1% in recent trading.
That would point toward general optimism in the lead of quarterly financial results from Apple, Alphabet, Microsoft, and Meta that are expected next week.
Infer from the original article on Investopedia.