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- Tesla (TSLA +0.8%) printed a new intra-day high of $903.03 on a big jump in early volume. Shares have since settled back a bit.
- The electric vehicle stock is seeing a delayed reaction to earnings that largely impressed analysts in regards to margins and China sales.
- The market cap on Tesla is now just over $902B.
- Overall, the EV sector is having a down day, although Chinese automakers Li Auto (LI +0.8%), XPeng (XPEV +0.5%) and Nio (NIO -0.5%) are holding their own. Faraday Future Intelligent Electric (FFIE +2.6%) is also outperforming.
- Tesla (NASDAQ:TSLA) is starting to rate strong on a quantitative basis as well as momentum. The stock earns an A+ grade on profitability when its metrics are compared directly to other automakers.