Tesla Scores Big With Blockbuster Earnings. Stock Soars 22% for Biggest Gain in 11 Years.
Tesla stock closed its first day of trading following the results with an incredible gain of 21.9%, closing at $260.48, wiping out its losses for 2024 and adding some $150 billion to its market value. It was the largest one-day market value increase ever for the shares and the biggest one-day percentage gain since May 9, 2013, when Tesla stock added 24.4%, according to Dow Jone Market Data.
The one-day gain is more than the combined market value of General Motors, Ford Motor, and Stellantis combined.