Hyperdrive
Tesla Shares on Track to Turn Positive for 2024 After $200 Billion Rally
- Firm reported 2Q deliveries that beat average Street estimates
- The stock has now gained 38% over eight-day winning streak
This article is for subscribers only.
An eight-day winning streak for Tesla Inc. shares sent the world’s most valuable automaker into positive territory for the first time this year.
Tesla closed up 2.1% on Friday for its longest streak of consecutive daily gains in nearly a year. Over that span the stock has gained 38%, adding $220 billion in market capitalization. Earlier this week, the rally got a boost from second quarter deliveries that beat the average analyst estimate.