$Tesla Motors(TSLA)$ 🚨 NEWS:

🚨 NEWS: $TSLA Stock Rejoins Mag 7 as Shares Go for 9 Straight Days of Gains

Tesla was the only one of the seven down in 2024. But after gaining 38% over the past eight trading sessions, shares have now risen 1.2% this year. The stock is down 1.1% in premarket trading Monday.

It has been a good time for all the Magnificent Seven stocks. The other six have gained an average of 7% during Tesla’s recent run.

On July 2, Tesla reported better-than-expected second-quarter vehicle deliveries. The company sold about 444,000 units, down 4.8% year over year. Down isn’t great, but the lowest Wall Street estimates had sales down more than 15%.

The better result gave investors confidence that Tesla can grow again in 2025. (Tesla is expected to deliver about 1.8 million units in 2024, flat with 2023).

Mag 7: Would You Choose Stocks or ETFs?

This year’s rally, led by Nvidia, has paused slightly. But, GOOG, AMZN, and MSFT have repeatedly broken new highs this year. If you are not sure about which company to choose, how about looking at Magnificent ETFs? MAGS has yielded a YTD return of 44%, second only to NVDA and META. Mega cap ETF MGK has yielded a YTD return of 25%, outperforming MSFT, AAPL, and TSLA. ------------ Would you choose stocks or ETFs?

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.

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