With big caps still leading the market rally, which will be the next $1 trillion stock? Tesla and Warren Buffett's Berkshire are contenders but not the closest.
U.S. stocks closed higher on Friday following the release of jobs data, with the S&P 500 surging to fresh high during the session.
Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company is "outlandish," the latest twist in a legal showdown over Musk's $56 billion pay package.
Tesla stock has risen for eight straight days, wiping out its losses for the year. Investors can debate why the stock has rocketed higher.
There were no fireworks in terms of overall performance, but through a holiday-shortened trading week, the CE 100 Index was 1.4% higher. Tesla's the Standout Tesla shares gained 27.
Tesla (TSLA) remains in the spotlight after a 27% surge in the EV maker's share price last week drove the stock back into the green for the year. The rally followed a better-than-expected second-quarter deliveries report on Tuesday and building anticipation ahead of the company's Robotaxi Day next month.
Tesla investors got a tailwind this past week as the stock turned positive for the year and posted a monster monthly gain as deliveries and buzz over the Robotaxi heats up.
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
Cycles Research screens reveal that big-cap tech remains in a leadership role. The NASDAQ is expected to remain in first place.
It's been a crazy ride for Tesla (NASDAQ: TSLA ) shareholders in 2024. Tesla stock opened 2024 trading at $250.08.
Tesla's second-quarter vehicle deliveries beat Wall Street expectations. The company still faces significant challenges over the coming years.
For the first time, Chinese government workers will be able to purchase Tesla's Model Y for official use.