NEW YORK – Shares of Tesla Inc. (NASDAQ: TSLA) experienced a significant rally during Friday’s trading session, closing with a robust gain as investor confidence appeared to surge. The electric vehicle manufacturer’s stock finished the day at
9.53, or 3.02%.
The positive momentum for Tesla carried on even after the closing bell. In after-hours trading, the stock saw a modest additional gain of $0.60 (0.18%), bringing its price to $326.19, according to market data from July 29th.
The trading day was characterized by strong upward movement from the opening. After starting the session at
330.49**. Despite some profit-taking that brought the price down from its peak, the stock maintained its strength, closing well above both its session low of $315.69 and the previous day’s close of $316.06.
This performance solidifies Tesla’s valuation, with its market capitalization holding above the trillion-dollar threshold. The company’s Price-to-Earnings (P/E) ratio is listed at 188.71, a figure that suggests investors are banking on significant future growth expectations. In line with its long-standing policy of reinvesting capital, Tesla does not currently pay a dividend to shareholders.
While the day’s closing price is a clear win for bulls, it sits squarely between the stock’s 52-week high of $488.54 and its 52-week low of $182.00. Investors and market analysts will now be watching closely to see if this upward trajectory can be sustained as a new week of trading begins.
