Tesla shares rise 2.5% on this Veteran’s Day
Musk transactions were disclosed prior to Twitter poll
Tesla fans shrug off the news
The stocks herein are from the MarketSmith Growth 250. These Top 10 stocks have been ranked by relative performance, exhibiting strength as the indices pulled back for a second day, fading from all-time highs in the Wednesday session. Consumer discretionary was represented with Tesla climbing 4.5%, while internet centric automotive site, Cargurus tacked on 2.0 points closing up 5.6% to $38.01. Merck, a favorite pharmaceutical stock, bounced for a third day, rising 1.6% to $84.01.
Tesla sales and earnings beat estimates in its October 20 report by $1.00 or 145%. The trend is accelerating, +162% in 2021.
Elon Musk fired up a debate this week, as he noted he would sell $5 billion of Tesla stock shortly after discussions on Twitter relative to tax implications. According to regulatory disclosures, Musk would sell more than 4.5 million shares.
This marks Elon’s first sale of Tesla stock since 2006.