Tesla shares opened strong on Monday, up 2.58% and trading at $307.05 as of writing. Tesla’s stocks seem to be continuing its rise after a remarkable recovery last week, which included a 20% surge in three days that gained $9 billion back for its market cap.
As noted in a MarketWatch report, TSLA’s performance in the stock market last week ended with gains of 14.5%. This is Tesla’s best weekly advance since February 28, 2014, when the company’s shares rose 17%. TSLA’s recovery last week also ended a 5-week dive that culminated in a 12% slide — the worst that the company has seen since February 2010.
Despite continued reservations about its ability to deliver the Model 3, an ongoing recall for the Model S sedan, an NTSB investigation into a fatal Model X crash, and the new tariffs announced by China, the sentiments of Tesla’s investors appear to have improved amid the company’s release of its first-quarter production and delivery report.
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