Advertisement
As of the close on January 24 at 7:59 PM GMT-5, Tesla Inc ended the trading session at 406.58 USD, reflecting a decline of -15.02 USD (-3.56%) over the past five days. This downturn indicates a challenging week for the stock, possibly influenced by market pressures or sector-specific developments.
The stock opened the session at 414.45 USD but faced selling pressure, leading to an intraday low of 405.78 USD. Despite this,Tesla‘s stock briefly touched a high of 418.88 USD, showing some attempts at recovery during the trading hours. In after-hours trading, the stock moved slightly lower to 405.47 USD, down 1.11 USD (0.27%).
Tesla’s market capitalization stands at 1.27 lakh crore USD, solidifying its position as a leader in the electric vehicle and renewable energy space. The stock was expected to rise this week as the company’s CEO Elon Musk has close ties with President Donald Trump but the opposite happened as the stock ended the week on a low.
Tesla will release its Q4 earnings on January 29th, after the close of the market and elaborate about the company’s overall earnings. It is also expected to provide more details on the recent Model Y refresh.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.