Tesla Inc. (TSLA) shares demonstrated notable strength during the regular trading session on Friday, April 29th, closing significantly higher despite intraday volatility. Investors pushed the electric vehicle maker’s stock price up to $292.03 USD by the closing bell.
This closing price marked a substantial gain of $6.15 per share, equivalent to a 2.15% increase compared to the previous day’s close of $285.88. The positive momentum built throughout the latter half of the trading day, indicating renewed buyer interest.
The session began with Tesla opening at $285.50. Early trading saw the stock face downward pressure, touching an intraday low of $279.47. However, sentiment shifted as the day progressed. A strong rally ensued, driving the share price to reach an intraday high of $293.32 shortly before the market closed, showcasing significant buying activity in the final hours.
Despite the robust performance during standard market hours, Tesla’s stock experienced a pullback in after-hours trading. As of the latest after-hours update captured (around 7:59 pm GMT-4), the shares were trading at $288.10. This represented a decrease of $3.93, or 1.35%, from the official closing price, erasing a portion of the day’s gains.
From a broader perspective, Tesla continues to hold a massive market capitalization, reported at $915.07 billion. The company’s Price-to-Earnings (P/E) ratio stands at 160.73, reflecting high investor expectations for future growth. Tesla does not currently pay a dividend.
The day’s trading activity occurred within the stock’s established 52-week range. The lowest price Tesla shares have traded at over the past year is $157.40, while the 52-week high sits substantially higher at $488.54. Friday’s close positions the stock well above its yearly low but considerably below its peak. Market participants will be watching closely to see if the regular session’s upward trend or the after-hours dip dictates the direction in subsequent trading periods.
