Tesla (TSLA) Revs Up with a $12.85 Increase on November 2

Tesla (TSLA) Stock Price

On November 2, 2023, Tesla (TSLA) stock closed at $218.51, marking a daily increase of $12.85 (6.25%). The stock exhibited notable volatility during the trading session, with the closing price reflecting a significant uptick compared to the previous day's performance. 

Tesla (TSLA) Stock Analysis

On November 2, 2023, Tesla (TSLA) exhibited a robust performance on the NASDAQ stock exchange. The stock opened at $212.97, experienced fluctuations throughout the trading session, and ultimately closed at $218.51, representing a notable daily gain of $12.85, equivalent to a 6.25% increase from the previous day's closing price of $205.66.

Tesla's intraday range was substantial, with a low of $211.45 and a high of $219.20. In the after-hours trading, TSLA's value stood at $217.09, marking a slight decline of 0.65% or $1.42.

The company's 52-week performance showed a range between $101.81 (the low) and $299.29 (the high), and its market capitalization was approximately $684.69 billion, reflecting its prominent position in the electric vehicle industry. Tesla's price-to-earnings (P/E) ratio was 70.41, underscoring the market's confidence in the company's growth prospects.

Tesla's stock exhibited substantial volatility on November 2, with a strong upward trend leading to the closing price of $218.51. The stock's intraday high of $219.20 marked a significant achievement for the day, while the low at $211.45 showcased fluctuations. In after-hours trading, Tesla's value dipped slightly but remained in the $217 range.

Over the past 52 weeks, the stock had a wide trading range, with its lowest point at $101.81 and its highest at $299.29, indicating the varying investor sentiment throughout the year. With a market capitalization of $684.69 billion, Tesla continued to be a prominent player in the automotive and technology sectors. The P/E ratio of 70.41 reflected the market's confidence in Tesla's ability to deliver sustained growth and innovation in the electric vehicle industry.

Tesla (TSLA) Stock-Key Data

Tesla (TSLA)

Tesla is an American multinational company headquartered in Austin, Texas, renowned for its pioneering role in electric vehicles and clean energy solutions. Founded in 2003 and led by CEO Elon Musk since 2008, Tesla is the world's most valuable automaker as of 2023, dominating the battery electric vehicle market with an 18% share in 2022.

The company has introduced a diverse range of electric vehicles, from the groundbreaking Roadster to the Model 3, which became the world's top-selling plug-in electric car, surpassing 1 million units sold in June 2021.

Tesla's ambitious mission is to accelerate the global transition to sustainable energy, reflected in its expansive product portfolio, including solar panels, battery storage solutions, and grid-scale projects. Despite its remarkable success, Tesla has faced legal challenges and controversies surrounding worker rights, product issues, and Elon Musk's public statements. Tesla's impact on the automotive and energy sectors remains profound, solidifying its position as an industry leader.