What happened to Tesla stock (TSLA) from 2018Q3 to 2020Q3?
Parallelly to its 500% return last year, Tesla stock is a roller coaster! As a car manufacturer, the company lived some industrial turmoil: deliveries, cost-cutting, etc. The coronavirus shut-down was one of the most terrific among American companies. However, popularized with the charismatic Elon Musk, Tesla was able to drive its quotation with innovations (Model Y, full self-driving) and to reassurer the markets regarding its legal issues. Its strategic positionning with its factory in China helped Tesla to regain traction after the coronavirus crisis effect.
- Data is from IEX Cloud.
30 days moving average is applied to returns to remove nonsignificant variations (noise) to focus on trends.
Share this Image On Your Site