Tesla Stock Declines Over 1.5 Percent in Volatile Monday Morning Trading
Shares of electric vehicle leader Tesla Inc, trading on the NASDAQ under the ticker TSLA, were moving lower during the morning trading session on Monday.
As of 10:35 am GMT-4 on April 29th, Tesla stock was quoted at 281.72 USD. This price represented a decrease of 4.16 USD, or 1.58 percent, from the previous closing price of 285.88 USD.
The stock began the trading day slightly below the prior close at 285.50 USD. Early market action saw the shares surge to an intraday high of 289.30 USD before reversing sharply and falling to a session low of 279.47 USD. The accompanying one-day chart highlights this significant volatility in the opening hour of trading.
Key financial details for Tesla include a market capitalization listed as 88.13KCr. The company’s Price to Earnings (P/E) ratio currently stands at 155.06. It is important to note that Tesla does not pay a dividend to its shareholders.
Over the past 52 weeks, Tesla shares have experienced a wide trading range, reaching a high of 488.54 USD and establishing a low of 167.41 USD.
