SOLO - Tesla's biggest weekly surge since August highlights EV fever: Alpha Tactics

Tesla’s inclusion in the S&P 500 led a running of the bulls in EV plays this week, with three stocks in the space more than doubling.Tesla (TSLA) gained 20%, its best weekly performance in three months, after getting the nod to enter the broader index in December. Its performance helped the Nasdaq close up for the week, but ironically couldn’t lift the S&P into the green just yet.Closing in on $500/share, the stock is just below where it closed on the first day of the stock split at the end of August. Shares have been through volatile trading, with the September selloff of Big Tech and momentum names hitting Tesla just after the split. It hit a post-split low around $330 in the middle of that selloff and had been bouncing a little above $400 for nearly two months until this week’s breakout.The S&P decision, which Wedbush’s Dan Ives says removes

For further details see:

Tesla’s biggest weekly surge since August highlights EV fever: Alpha Tactics