Tesla’s Rally to Record High Is Leaving Big Tech Peers Behind
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Tesla:There’s been no dearth of sell signals for Tesla Inc. It’s facing a potential sales halt in California, an electric vehicle slowdown across the US and is losing market share in China and Europe.But all that hasn’t deterred investors excited about its work with artificial intelligence and autonomous-driving development efforts. The carmaker’s shares have rallied 25% since a low on Nov. 21, notching a record for the first time this year. The stock has also outpaced the Bloomberg Magnificent Seven Index, which is up less than 6% over the same period.