Tesla stock rebounds, crosses $1,000 mark again!

Tesla Inc. (NASDAQ: TSLA), the largest EV-maker, has seen its stock rebounding recently. The stock closed at a ‘green’ signal yesterday and today it is still gaining in the pre-market session.

TSLA stock performance

The TSLA stock gained about 0.79% and was priced at $1,066.49 (up by 8.37 points) st 8:33 a.m. in the pre-market trading session today. The market capitalization stood at $1.06 trillion. The share volume traded yesterday was 30,604,959, much higher than the average share volume of 27,318,966. Yesterday, the stock rebounded in the second half of the trading session and closed at $1,058.12, gaining a considerable 3.03% (up by 31.16 points).

The TSLA stock was priced at $996.97, down by 2.92% (losing 29.99 points) in the pre-market trading session yesterday. The market capitalization of the company at $1.03 trillion. Moreover, during the trading session, it traded at $989, dropping by 3.7% (down by 37.96 points) at 10:02 a.m. ET. However, later it not only rebounded but also gained substantially.

The TSLA stock had earlier closed at $1,026.96, down by 3.54% (losing 37.74 points) last week. The stock had lost 2.79%, down by 29.70 points, and traded at $1,035 at 12:19 p.m. ET on Friday. The market capitalization stood at $1.04 trillion. The 24-hour trading volume was 13,783,932 which was almost half of the average share volume of 27,460,087.

The TSLA stock was recently nearing the $1,200 mark again, however, it now is dipping instead of reaching new heights. In the beginning of the year 2022, on January 3, the shares closed at $1,199.78. Since then, the stock had lost a huge 13.73%, dropping by a massive 164.78 points in the previous week.

Major EV Competitors
  • Lucid Group Inc. (NASDAQ: LCID), another EV-maker, also saw a 0.91% increase in the stock value in the pre-market trading session. The shares were priced at $42.10 (up by 0.38 points) at 8:40 a.m. ET.
  • Rivian Automotive Inc. (NASDAQ: RIVN), the fairly new entrant in the EV-stock list, saw a considerable decline of 3.83% in the pre-market trading session today. The RIVN stock was priced at $78.31 (down by 3.13 points) at 8:43 a.m. ET.

It is yet to be seen if the TSLA stock can maintain the same ‘positive’ momentum going once the trading session starts.

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