What's Your Prediction - Will Tesla's Stock Finish Up, Flat, Or Down For the Year
Tesla has had a wild ride this year. Many events helped to move its stock valuation. As we approach the end of year mark, we would like to ask readers how they think the stock will end the year; Up, Down, Unchanged in value since last December 28th?
Here is some background information to help you make your prediction. First up, the price of the stock on December 28th, 2018 was $333.87. The valuation at the time this story was created was $335. That means that Tesla's stock value today is almost exactly what the stock's price was about a year ago. The high price point this past year was $376.79 and the low price point was $178.97.
For comparison purposes, the Dow Jones Industrial Average was priced at $23,062 on December 28th, 2019, is priced today at $27,875 and is close to its high point of $28,004.
Most recently, Tesla has had two stock price events that are closely correlated to Tesla announcements. The first, was a big uptick in value after Tesla posted a profitable quarterly result - something Tesla has rarely achieved. That event lifted the stock by a whopping 20% on October 24rth. The stock rose in price from $253 to $300 overnight.
The second major stock-moving event was the reveal of the new Tesla Cybertruck. The Cybertruck's reveal resulted in the valuation of Tesla's stock going from about $360 to about $330 overnight.
Do you see a major Tesla announcement pending that could lift Tesla's stock into positive territory for the year? If so, tell us what it is in the comments below, and where you think the company's stock valuation will end up on the last trading day of 2019.
Stock charts courtesy of Google and NASDAQ. The author has never owned Tesla stock.
In addition to covering green vehicle topics, John Goreham covers safety, technology, and new vehicle news at Torque News. You can follow John on Twitter at @johngoreham.