Tesla Daily
Tesla Stock: Week in Review
Tesla stock saw a weekly decline for the first time in over a month. Hereâs what happened.
Author:
Jul 10, 2021
Tesla stock saw a weekly decline for the first time in over a month. Hereâs what happened.
TSLA stock underperformed major indices this week, down 3.2% compared to the S&P 500 up 0.4% and Nasdaq composite up 0.6%. This was the stock s first weekly decline since early June, following four positive weeks in a row.
Q2 Deliveries
This was the first full trading week following Tesla’s record deliveries and production report. Although impressive, this did not translate to continued upside momentum for the stock. Tesla delivered a record 201,250 vehicles which marginally beat the Wall St. consensus of 200,900 vehicles. Despite praise from analysts like Dan Ives, this ‘beat’ may not have been enough for investors to increase their position or outlook in TSLA stock.
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