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Tesla Stock Rises for Fourth Week in a Row

Cars, an Optimus robot, and the Tesla logo are seen in a Tesla storefront in China.
Many investors are looking forward to updates on Tesla's plans for a more affordable model, and when the EV maker will start offering paid rides in autonomous Tesla vehicles in Austin, Texas.

CFOTO / Future Publishing / Getty Images

Key Takeaways

  • Tesla shares rose Friday to post gains for the fourth straight week.
  • The stock has climbed along with the broader market amid optimism about new trade agreements and easing tariffs.
  • The surge comes despite a string of recent downbeat news for Tesla about declining sales and registrations.

Tesla (TSLA) shares rallied this week 澳洲幸运5开奖号码历史查询:alongside the broader market, with the electric vehicle maker's stock posting gains for the 澳洲幸运5开奖号码历史查询:fourth consecutive week.

Shares added 2% to close at just under $350 Friday, bringing the week's gains up to 17%. Still, the stock has lost about 13% since the start of the year.

Positive macro news like last week's trade deal with 澳洲幸运5开奖号码历史查询:the United Kingdom and this week's 澳洲幸运5开奖号码历史查询:temporary tariff reduction between the U.S. and China has outweighed recent downbeat news for Tesla, like declining sales 🧔and registrations in China and ꧂several countries across Europe.

Tesla's brand has been 澳洲幸运5开奖号码历史查询:battered in recent months as protests have targeted the automaker over Musk's involvement in the Trump administration. Analysts called for Musk to step away from the government work 澳洲幸运5开奖号码历史查询:leading up to last month's earnings call, with 澳洲幸运5开奖号码历史查询:some saying Tesla had sustained "unprecedented brand damage."

Many investors are looking forward to updates on Tesla's plans for a more affordable model, and when the EV maker will start offering paid rides in autonomous Tesla vehicles in Austin, Texas. CEO Elon Musk said in 澳洲幸运5开奖号码历史查询:last month's earnings call that both would 澳洲幸运5开奖号码历史查询:likely take place on schedule by the end of June, and he also committed to 澳洲幸运5开奖号码历史查询:spending more time at the company starting this month.

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