Author: Vitaliy Dadalyan

Tesla Falters Despite ‘Battery Day,’ India, S&P Optimism

(Bloomberg) -- Tesla Inc.’s relentless surge faltered Monday, with shares erasing a double-digit gain and dipping into negative territory, despite enthusiasm ahead of several events that include the possible unveiling of new battery technology, the entry into a lucrative new market and the stock’s potential addition to the prestigious S&P 500 Index.Tesla shares, which had gained as much as 16% Monday before losing steam, have seen an incredible rally this year that has left Wall Street analysts struggling to make sense of the sky-high valuation -- which soared past that of Toyota Motor Corp. earlier this month. Tesla is up about four-fold just this year, despite a steep pandemic-related sell-off in February and March.Although Tesla had kicked off this year with a strong run, its ascent has been turbo-charged after reporting better-than-expected delivery numbers earlier this month, leading many to say the company may be poised to report a profit for...

Tesla Falters After Optimism Over ‘Battery Day,’ India, S&P

(Bloomberg) -- Tesla Inc.’s relentless surge faltered Monday, with shares erasing a double-digit gain and dipping into negative territory, despite enthusiasm ahead of several events that include the possible unveiling of new battery technology, the entry into a lucrative new market and the stock’s potential addition to the prestigious S&P 500 Index.Tesla shares, which had gained as much as 16% Monday before losing steam, have seen an incredible rally this year that has left Wall Street analysts struggling to make sense of the sky-high valuation -- which soared past that of Toyota Motor Corp. earlier this month. Tesla is up about four-fold just this year, despite a steep pandemic-related sell-off in February and March.Although Tesla had kicked off this year with a strong run, its ascent has been turbo-charged after reporting better-than-expected delivery numbers earlier this month, leading many to say the company may be poised to report a profit for...