Tesla’s Soaring Stock Puts Focus on Sales Outlook in Robot Shift
Tesla vehicles at the company's store in Warminster, Pennsylvania.
Photographer: Joe Lamberti/BloombergTesla Inc. shares climbed 33% in September as investors rallied around Chief Executive Officer Elon Musk’s renewed focus on the company. That’s drawing attention to whether the key third-quarter sales figures coming later this week will be strong enough to sustain the momentum.
The electric-vehicle maker’s shares notched their best month in almost a year, putting them among the 10 best performers in the S&P 500 Index this month. Even more striking is Tesla’s vertical ascent in the market since hitting a low in early April after President Donald Trump paused his sweeping global tariffs. Since April 8, the stock is up 100%, making it the best performer in the high-flying big tech cohort known as the Magnificent Seven.