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Where Will Tesla Inc (TSLA) Stock Go Next After It Is Down 1.75% in a Week?

Monday, September 20, 2021 01:21 PM | InvestorsObserver Analysts
Where Will Tesla Inc (TSLA) Stock Go Next After It Is Down 1.75% in a Week?

Tesla Inc (TSLA) stock is down 1.75% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TSLA Stock Today?

Tesla Inc (TSLA) stock is trading at $729.99 as of 1:18 PM on Monday, Sep 20, a drop of -$29.50, or -3.88% from the previous closing price of $759.49. The stock has traded between $724.46 and $742.00 so far today. Volume today is 14,166,829 compared to average volume of 16,838,147.

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. Click Here to get the full Stock Report for Tesla Inc stock.

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