Why Tesla's Stock Traded 17% Higher On Monday

Tesla Inc. (NASDAQ: TSLA) shares added 17% in the regular session and the after-hours session on Monday to trade significantly above the $600 mark. Automaker Outperforms Wider Market The sharp surge came as the wider market saw a slump. The S&P 500 Index closed 1% lower at 2761.6, Dow Jones closed 1.4% lower at 23390.77, and Nasdaq 100, of which Tesla is a part, closed 0.5% higher at 8192.42. At a time when a majority of automakers are struggling, Tesla has been beating analyst expectations. The Ford Motor Company (NYSE: F) closed 3.91% lower on Monday as it warned of the first-quarter losses due to the novel coronavirus (COVID-19) pandemic. General Motors Company (NYSE: GM) closed 4.36% lower the same day.


Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer adipiscing erat eget risus sollicitudin pellentesque et non erat. Maecenas nibh dolor, malesuada et bibendum a, sagittis accumsan ipsum.