🚨 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).
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