Tesla Stock Sees Rollercoaster Session, Ends Slightly Down Before Slipping Further After Hours
The electric vehicle maker's shares experienced a turbulent trading day with a nearly $7 swing between its high and low, closing at $308.72 before showing more significant weakness in post-market activity.
AUSTIN, TX — Shares of Tesla Inc. (NASDAQ: TSLA) navigated a highly volatile trading session on Monday, August 5th, ultimately finishing the day with a marginal loss. The prominent electric vehicle manufacturer’s stock closed at
0.54, or 0.17%.
The day’s trading was a classic example of Tesla’s characteristic volatility. The stock opened at $308.95, just below its previous close of
312.45**. However, the rally was unsustainable, as sellers stepped in and drove the price down sharply to its session low of $305.50 before noon. For the rest of the day, the stock chopped around in a wide range before fading into the close.
The negative sentiment became more pronounced after the closing bell. In after-hours trading, Tesla shares fell a further
307.02, suggesting that bearish pressure was building into the evening.
Key Metrics and Valuation
Tesla continues to command a massive valuation, with its market capitalization reported at 96.74KCr (approximately $967.4 Billion USD). The company’s stock trades at a high Price-to-Earnings (P/E) ratio of 178.93. This elevated P/E ratio is typical for high-growth stocks like Tesla, as investors are often willing to pay a premium for future earnings potential.
Unlike many blue-chip companies, Tesla does not currently pay a dividend to its shareholders, as indicated by the dash marks for dividend yield and quarterly dividend amount. The company traditionally reinvests all its profits back into research, development, and expansion.
Looking at the broader picture, Monday’s closing price is situated in the middle of its 52-week trading range. Over the past year, Tesla’s stock has reached a high of
191.48. The current price, while significantly down from its annual peak, remains well above its yearly low, reflecting the stock’s powerful recovery and continued investor interest.
Investors and analysts will be closely watching Tesla’s next move to see if the after-hours slide continues into the next trading day or if buyers will step in to defend the current price levels. Monday’s session serves as another reminder of the dynamic and often unpredictable nature of Tesla’s stock.
