Tesla set to snap six straight sessions of losses
Complete. Here is the key summaryTesla shares rose over 3% to $307.69, ending a six-session losing streak. Despite the rebound, TSLA is down nearly 27% over the past month and 30% year-to-date, following an 18% weekly crash due to weak quarterly profits and AI investment concerns. Seeking Alpha rates TSLA as a Hold (3.21/5), citing strong profitability prospects but poor valuation. Wall Street analysts are mixed, with 23 Buy ratings versus 6 Sell ratings.
Tesla (TSLA) shares are on track to snap six straight sessions of losses, as the stock rose over 3% to $307.69 on Thursday. The Austin, Texas-based automaker lost about 20% in the preceding six sessions. Overall, the stock has fallen over 30% so far this year, compared to the 7% rise in the broader S&P 500 Index. TSLA is down nearly 27% over the pa...