Tesla Shares Surge Over 6% on Solid Trading Session
Lead Tesla stock jumped 6.5% to close at $395.94 on the Nasdaq on September 12, driven by robust buying interest and heavy trading volume.
Nut Graf The rally underscores renewed investor confidence in Tesla’s growth outlook as trading volume spiked and the stock outperformed broader markets.
Market Reaction
- Opening and Closing Prices Tesla opened at $370.94 and vaulted to a session high of $396.69 before settling at $395.94.
- Intraday Range and Volume The stock traded between $370.24 and $396.69 on lighter-than-average volume of 166.7 million shares.
- Valuation Metrics Tesla’s market capitalization reached $1.277 trillion, with a price-to-earnings ratio of 232.9.
After-Hours Movement In extended trading, shares dipped marginally to $395.75 amid modest volume, suggesting profit-taking ahead of upcoming corporate updates.
Outlook Analysts will be watching next week’s delivery figures and any updates on Tesla’s AI and energy initiatives for further catalysts.
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