Tesla (TSLA) Shares Stage a Remarkable Rally

NEW YORK – Tesla Inc (NASDAQ: TSLA) shares staged a remarkable rally during Thursday's trading session, closing with substantial gains and showcasing significant investor enthusiasm for the electric vehicle maker.

Tesla, Inc. (NASDAQ:TSLA) shares experienced a substantial rally on Thursday, closing with significant gains and showcasing massive investor enthusiasm for the electric vehicle maker.

How Did Tesla Shares Trade On Thursday?

Tesla stock finished the regular market day on April 25th at 284.95, boasting a noteworthy gain of +25.44 compared to the previous day’s closing price of 259.51. This translated to a 9.80% surge.

In the after hours session, the stock experienced a minor uptick, edging up to 285.09, a further gain of +0.14 (+0.050%) as of 7:59 pm GMT-4.

Thursday’s trading for Tesla began at 261.69, already gapping up from the previous day’s close. The stock saw limited downside, hitting an intraday low of 259.63 early on before embarking on a strong upward journey.

Shares powered through resistance levels to reach an intraday high of 286.85. The stock ultimately closed near this peak, which is a testament to the sustained buying pressure that persisted throughout the day.

Key Financial Metrics To Know About Tesla

For those interested in the broader market numbers, the S&P 500 saw an increase of 0.78% to 4,164.00.

Shifting focus back to Tesla, the company boasts a substantial market capitalization listed as 89.29KCr, which in USD is roughly $892.9 billion.

Looking at valuation multiples, Tesla’s Price to Earnings (P/E) ratio is 156.84.

As is typical for Tesla, it does not currently offer a dividend yield.

Breaking Down Today's Implied Volatility

Examining the options activity, the implied volatility in Tesla was 50.18%.

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