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.