Tesla's stock is on track Monday to do something it has never done since going public 13 years ago -- it is headed for a 12th-straight gain.
Shares of Tesla Inc. were on track Monday to do something they have never done since going public 13 years ago — they were headed for a 12th-straight gain.
That would break the previous record win streak off 11 gains, which ended Jan. 8, 2021 and was matched on Friday. The electric vehicle giant’s stock has run up 33.6% over the past 11 days, compared with a 37.4% gain during the January 2021 streak. Shares of Rivian Automotive Inc. RIVN tacked on 1.1%, while Nikola Corp. NKLA rallied 3.9%; Lucid Group Inc. LCID gained 1.5%; and Fisker Inc. FSR added 1.0%. Futures ES00 for the S&P 500 index SPX rose 0.3%; and Nasdaq-100 NDX futures NQ00 advanced 0.5%.
Mizuho analyst Vijay Rakesh said his research indicated that Tesla’s sales in China have been “strong,” when compared with its China-based peers.
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