New York, June 13:
Tesla Inc. (NASDAQ: TSLA) shares closed 1.94% higher on Thursday at $325.31, gaining $6.20 from the previous close of $319.11. The stock showed strong intraday momentum, reaching a high of $332.99 before paring some gains in the second half of the session.
In after-hours trading, Tesla continued its upward trend, rising an additional 0.49% to $326.92 — indicating continued investor interest.
Key Takeaways from the Session:
- Strong Opening and Midday Rally:
Tesla opened at $313.97 and showed consistent buying interest throughout the morning, peaking near 1:30 PM ET. This indicates positive sentiment from institutional investors. - Profit-Taking in the Afternoon:
Like many large-cap tech stocks, Tesla faced mild selling pressure in the late afternoon. However, the stock held above key support levels, signaling resilience. - After-Hours Strength:
Continued buying in after-hours trading reflects sustained optimism, possibly driven by broader tech sentiment or sector-specific news.
Broader Implications for Monday:
Tesla’s performance stands in contrast to Amazon’s decline on the same day. The divergence within mega-cap tech suggests that the broader market on Monday could see mixed action, rather than a clear directional move.
If other EV or AI-related names follow Tesla’s strength, the Nasdaq could open with a positive bias. However, any macroeconomic developments or geopolitical headlines over the weekend will remain key drivers.
Investor Outlook:
- Short-term momentum traders may find Tesla attractive given its strong volume and follow-through in after-hours.
- Long-term investors should continue monitoring fundamentals and valuation, especially with a high P/E ratio of 179.
- Monday’s pre-market and futures action will help validate whether Thursday’s move has legs or was a one-off relief rally.
