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ELECTRIC SPIKES

Tesla’s rollercoaster year in one chart

The Boring Company shows off their first tunnel in Hawthorne, California
REUTERS/Robyn Beck/Pool
Coming out the other side.
By Kabir Chibber
Published Last updated This article is more than 2 years old.

Stocks are not doing well at the moment—and the forecast remains cloudy. Though if you’re an investor in Tesla, you’re used to this.

The share-price performance of Tesla for the year so far, compared with the benchmark S&P 500 index, presents a starkly up-and-down picture of the market.

Over the year, Tesla has been down almost 20% and up more than 20% at various points. That’s a pretty volatile year for $50-billion company.

Among the highlights for Tesla stockholders this year:

  • The slump around April-to-May as fears grew that Tesla would not be able to deliver on its promises. The electric carmaker had vowed to make 5,000 Model 3s a week in late 2016. The quarterly results revealed that it was only able to make 8,182 Model 3s in the whole of the firs three months of 2018.
  • Finally, you have the divergence in the last three months of this year as Musk’s company outperformed the market. As the broader indexes fell, sending many stocks into a bear market, Tesla was finally able to manufacture 5,000 Model 3s a week. In late October, investor confidence was restored, as the company reported its first quarterly profit since 2016.

All in all, not a bad year for a company that many people expected—and bet on—to die.

N.B. Please note I own a very small amount of Tesla stock.

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