Tesla Rally Loses Steam: What's Going On With EV Maker's Stock In Premarket Trading? - Tesla (NASDAQ:TSLA)
What was Tesla's longest-ever winning streak?
Tesla's longest-ever winning streak was a 13-session stretch that ended on June 13, 2023. During this period, the electric vehicle maker's stock experienced continuous growth, driven by better-than-feared second-quarter deliveries and increased optimism in the company's performance.
Why did Tesla's stock fall in premarket trading?
Tesla's stock fell in premarket trading due to the risk of the stock snapping an eight-session winning streak, and index futures trading on a flat note. The stock has been on the rise since June 25, as market participants began pricing in better-than-feared second-quarter deliveries, and the company announced that it sold more cars than expected.
How much has Tesla's stock increased over the last eight sessions?
Tesla's stock has increased by about 38% over the last eight sessions, following better-than-feared second-quarter deliveries. The company's stock rally accelerated after announcing it sold more cars than expected.