Tesla Stock is on Track for a 2-Week Winning Streak

Dow Jones08-14 22:23

Tesla stock was edging higher on Friday, putting the electric-vehicle maker on course to notch a two-week winning streak.

Shares climbed 1.7% to $345.81 in early trading. They were up 3.5% for the week through Thursday's close.

There hasn't been an obvious catalyst driving the stock higher lately, although it's also been a solid stretch for the broader market, with July inflation data strengthening the case for the Federal Reserve to keep interest rates unchanged at its next policy meeting in September.

Lower borrowing costs tend to benefit growth stocks like Tesla, which become more attractive relative to bonds and other interest-bearing assets.

Still, shares have struggled in 2026 as investors worry about weaker profit, delays to Tesla's robo-taxi rollout, and overspending on artificial intelligence. Tesla stock was down 24% for the year through Thursday's close.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment