What's Going On With Tesla Shares Today?

Shares of several companies in the broader automotive sector, including Tesla Inc TSLA, are trading higher amid overall market strength as stocks rebound from recent weakness. The broader market has experienced volatility amid rate hike concerns.

Tesla shares otherwise saw weakness last week and were trading lower amid continued volatility as investors digest the latest U.S. inflation data, which came in higher-than-expected.

The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since 1982. Core inflation, which excludes volatile food and energy prices, was up 6.2% in April, above economist estimates of a 6% gain.

See Also: Is AMD Stock Leading Investors Into A Trap? What You Need To Know To Avoid Getting Caught

Tesla is a vertically integrated sustainable energy company.

According to data from Benzinga Pro, Tesla has a 52-week high of $1,243.49 and a 52-week low of $546.98.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!