Tesla 

Tesla (TSLA) doesn’t seem to follow the broader market trend. In the fourth quarter of 2018 when the whole market crashed and most of its peers fell, Tesla stock rose 25.7%. Ford (F), Fiat Chrysler (FCAU), Ferrari (RACE), Toyota (TM), and Honda (HMC) lost ~17.3%, 17.4%, 27.4%, 6.7%, and 12.1%, respectively, during the fourth quarter. Big losses in stocks, including in the tech and auto industry, drove the S&P 500 Index down by 14.0% in the fourth quarter.

Tesla Stock Has Risen More than 20% in June

Massive losses in the first five months

However, 2019 didn’t start on a good note for Tesla investors. The stock fell 44.4% in the first five months of 2019.

During the same period, Ford stock rose 24.4%. Ford’s better-than-expected first-quarter results boosted investors’ confidence in its future growth potential.

General Motors (GM) saw a 0.3% minor loss in the first five months of 2019. A massive slide in General Motors’ Chinese market sales amid the ongoing US-China trade war took a toll on General Motors investors, which kept the stock mixed.

NIO (NIO) followed Tesla’s lead and fell 52.1% in the first five months of 2019. NIO’s deteriorating car deliveries and its decision to cancel its own manufacturing plant construction shook investors’ confidence. In the first quarter, NIO’s vehicle sales fell 54.6% sequentially.

Tesla has risen in June

Earlier in June, media reports about Tesla’s improving car production helped the company regain investors’ confidence and drove its stock higher. On June 11, Tesla’s CEO, Elon Musk, denied reports about the company’s car demand problems, which helped the stock rise. As of the closing on June 18, Tesla has risen 21.4% on a month-to-date basis, while Ford and General Motors are trading with 6.7% and 6.0% gains, respectively. In contrast, NIO has lost 17.0% sequentially.

Latest articles

Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.

This week, AT&T CEO Randall Stephenson noted that AT&T (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.

Jeff Bezos announced that Amazon had placed an order of 100,000 electric delivery vans from Michigan-based startup Rivian.

Bad news on the trade war front appears to have led to a fall in the broader US equity markets today. Cannabis ETFs were also trading in the red.

Energy Transfer (ET) stock has recovered in the last two trading sessions after investors hammered it on its plans to acquire SemGroup (SEMG).

Software-as-a-service company Datadog (DDOG) made a smashing debut on Wall Street yesterday. After its IPO, DDOG's shares surged 40% in intraday trading.