Overall market sentiment has been high on Tesla Inc (TSLA) stock lately. TSLA receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Tesla Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TSLA!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TSLA Stock Today?
Tesla Inc (TSLA) stock is trading at $865.70 as of 1:14 PM on Monday, Oct 18, an increase of $22.67, or 2.69% from the previous closing price of $843.03. The stock has traded between $851.47 and $866.30 so far today. Volume today is light. So far 12,898,071 shares have traded compared to average volume of 18,741,375 shares.
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More About Tesla Inc
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and mid-size sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light-truck, semi-truck, and a sports car. Global deliveries in 2020 were roughly 500,000 units.
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