Retail Traders Are Buying Tesla (TSLA) Stock Again. Here’s Why
TLDR
- Tesla stock climbed 1% to $332 pre-market Monday, extending last week’s nearly 6% gain that snapped a three-week losing streak.
- Retail inflows hit $372 million over five sessions through Wednesday, up from $121 million the prior week, per J.P. Morgan.
- Tesla and SpaceX announced a $16.8 billion investment in Terafab, a semiconductor facility in Texas supporting AI, autonomous vehicles, and Optimus robots.
- Despite revenue beating estimates, Tesla’s Q2 EPS of $0.33 missed the $0.50 consensus; the stock remains down 27% year-to-date.
- Analyst consensus sits at “Hold” with an average price target of $401.74; the stock trades at 194x forward earnings.
Tesla stock was trading up 1% to $332 in pre-market Monday, building on last week’s nearly 6% gain that ended a three-week losing streak.
The stock opened at $328.58, still well below its 50-day moving average of $378.76 and 200-day moving average of $393.46.
Tesla is down 27% for the year through Friday’s close. The 52-week range sits between $297.38 and $498.83, with a market cap of $1.30 trillion.
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