Tesla’s Record Sales Soar as Profit Squeezes: Inside TSLA’s Wild October
Tesla’s stock has been on a rollercoaster in October, oscillating with each new headline. Shares hit an intraday 52-week peak of about $453 on October 6 after blowout sales news, adding over $70 billion to Tesla’s market cap in one day ts2.tech. But the euphoria was short-lived. Following the next week’s product announcements, TSLA slipped back to the low $430s ts2.tech. As of October 27, the stock trades around $433, roughly where it began the month, and not far below its all-time highs ts2.tech. Despite recent choppiness, Tesla has vastly outperformed the market over the past year – up about 80% from a year ago, versus ~17% for the S&P 500 ts2.tech.