What's Going On With Tesla Stock Today

Tesla Inc TSLA shares are trading lower by 3.19% to $172.22 Monday afternoon. Shares are pulling back during Monday’s session, potentially on profit-taking and overall market weakness, following last week’s rally after the company last Wednesday reported better-than-expected fourth-quarter EPS and sales results and a year-over-year increase in fourth-quarter total production and total deliveries.

Shares of EV-related and clean energy vehicle stocks also saw marked strength during Friday’s session and are pulling back Monday following a rumor suggesting the Public Investment Fund is preparing to buy out the remainder of Lucid Group.

See Also: Tesla Q4 Earnings Highlights: Revenue And EPS Beat, Cybertruck And Crypto Holdings Updates And More

What Happened?

Tesla reported fourth-quarter revenue of $24.32 billion, which was up 37% year-over-year. The revenue total beat a Street estimate of $24.16 billion, according to data from Benzinga Pro. 

Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13.

The company said the fourth quarter marked the highest revenue, operating income and net income in company history…Read More

See Also: Tesla Shows Strength Compared To The S&P 500 Heading Into Another Big Earnings Week: What To Watch

Tesla Inc has a 52-week high of $384.29 and a 52-week low of $101.81.