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Episode Description
Generated finance podcast with host Dusty based on prompt: Daily stock movements for Tesla. Focus on the stock, but provide any important background information that is necessary.
Episode Transcript
Welcome to "Tesla Stock Daily Drive," where we navigate through the financial ebbs and flows, bringing you the latest in market movements. I'm Dusty, your guide on this journey through the world of Tesla and beyond. Let's dive in.
Today, June 2nd, 2025, was a mixed bag in the financial markets, influenced by trade talks, new economic data, and speculation about central banks' next moves. The broader U.S. markets kicked off the month with slight gains. The S&P 500 nudged up by 0.4%, and the tech-driven Nasdaq climbed 0.7%. Even the Dow Jones managed a modest rise of 0.1%. All in all, a promising start, especially on the heels of a robust May, which marked the S&P and Nasdaq’s best month in two years.
But, as is often the case, the waters weren’t entirely calm. Trade tensions bubbled up again as China accused the U.S. of reneging on previous agreements. This backdrop added a layer of complexity to the financial landscape today. Notably, U.S. steelmakers had a standout performance, riding the announcement wave of increased tariffs on steel imports.
Now, let's turn the spotlight on Tesla, a firm that never fails to intrigue. Today, Tesla's stock closed at $342.69, slipping by 1.09%. There were a few numbers tossed around regarding their performance, with some suggesting a slightly different closing at $342.58. Whatever the case, the stock clearly faced some resistance today, trading in a narrow band of highs and lows. Trading volumes were below the norm too, hinting at a more subdued day for Tesla enthusiasts.
From a technical standpoint, Tesla’s indicators paint an interesting picture. The Relative Strength Index sat at 61, a sign that the stock is neither too hot nor too cold right now. Meanwhile, the MACD holding steady suggests positive momentum isn't just a flickering flame. Tesla still rides high above its critical moving averages, indicating a longer-term uptrend, which might comfort the bulls out there.
On the fundamental side, Tesla's market cap stands tall at around $1.10 trillion, but its high P/E ratio signifies hefty growth expectations are already baked into the stock's price. Analysts seem to have mixed views, with targets hovering around $349.48 and some median estimates hitting $380. However, not everyone’s on board, as a strikingly low DCF valuation of $51 suggests.
A broader look at their recent performance reveals Tesla outdid the S&P 500 by quite a stretch, with a 20.6% jump in the last month. This despite a dip in their quarterly revenues and worries over shrinking profit margins. Analysts are expecting future earnings to echo this contracting trend, but only time will tell how Tesla navigates these waters.
Turning our gaze to other crucial financial dynamics: Economic indicators released today show the PCE price index rose, while the core index reached its lowest since March 2021. Minutes from the Fed's May meeting made clear that economic uncertainties, especially around tariffs, have influenced their rates strategy. The central banks in Europe and Canada are also in the spotlight, with expected rate cuts that could steer market sentiments further.
Amidst all this activity, volatility indicators like the VIX show signs of steadiness—a subtle whisper of calm in what has been a choppy market sea. Meanwhile, the U.S. dollar's recent fluctuations added another layer to today’s tapestry of financial narratives.
Let’s shift gears to some investment tips as we wrap up the day. Given current market conditions, staying informed and agile is the name of the game. For Tesla investors, understanding the blend of fundamental factors and technical levels can illuminate the path forward—even as external economic pressures play their part.
That's it for today's episode of "Tesla Stock Daily Drive." Thanks for joining me as we navigate through these financial winds. Remember, when the dust settles, only the truth remains. Until next time.
Supporting Data
**Tesla (TSLA) Stock Performance - June 2, 2025**
Tesla's stock (TSLA) closed at $342.69 on June 2, 2025, marking a decrease of 1.09%, or $3.77, from the previous trading session. The stock traded within a range of $333.33 (low) and $348.01-$348.02 (high) during the day. The trading volume was approximately 81 million to 81.87 million shares, which was below its average volume of 125 million, suggesting subdued trading interest for the day. The opening price was $343.50. Some sources reported a slightly different closing price of $342.58, a decrease of $4.23 or 1.22%.
Technical indicators for Tesla presented a mixed picture. The 14-day Relative Strength Index (RSI) stood at 61, indicating the stock was neither overbought nor oversold and maintained moderate bullish momentum. The MACD reading of 32.18 supported a continued positive trend in the medium term. Tesla's stock price remained above its 50-day moving average of $286.41 and its 200-day moving average of $302.39, reinforcing a longer-term uptrend. Immediate resistance was identified at $343.76, which the stock tested but did not break, while strong support was noted near $284.95. The Average True Range (ATR) was $4.65, reflecting moderate volatility, with a suggested stop-loss level around $323.63.
Fundamentally, Tesla's market capitalization was approximately $1.10 trillion. The company's trailing twelve-month Earnings Per Share (EPS) was $1.77, resulting in a high Price-to-Earnings (P/E) ratio of 193.61, signaling significant growth expectations embedded in the stock price. Analysts' consensus target price was $349.48, with a median target of $380. However, one Discounted Cash Flow (DCF) intrinsic value estimate was anomalously low at around $51 per share, suggesting a divergence from market sentiment that heavily relies on growth potential.
Looking at recent performance, Tesla shares had returned +20.6% over the past month, outperforming the Zacks S&P 500 composite's +6.1% change. In its last reported quarter, Tesla's revenues were $19.34 billion, a year-over-year decrease of 9.2%, and EPS was $0.27, down from $0.45 a year prior. For the current quarter, analysts expect Tesla to post earnings of $0.43 per share, a year-over-year change of -17.3%. The consensus earnings estimate for the current fiscal year is $1.89, indicating a -21.9% change year-over-year.
**Broader Financial Market Overview - June 2, 2025**
On June 2, 2025, U.S. stock markets saw a positive start to the month, with the S&P 500 rising 0.4% and the tech-heavy Nasdaq Composite gaining 0.7%. The Dow Jones Industrial Average added 0.1%. This came after a strong May, which was the best month for the S&P 500 and Nasdaq since November 2023, driven by eased concerns about tariffs, generally strong corporate earnings, and data indicating a solid economy.
However, trade tensions resurfaced as China accused the U.S. of violating a previous agreement. In related news, U.S. steelmaker stocks surged following an announcement of plans to double tariffs on steel imports to 50%.
Economic indicators released around this time included the Personal Consumption Expenditures (PCE) price index for April, which rose 2.1% year-over-year. The "core" PCE index (excluding food and energy) rose 2.5% annually in April, its lowest level since March 2021. Minutes from the Federal Reserve's early May meeting, released prior to June 2nd, highlighted concerns about economic uncertainty and tariffs influencing their decision to maintain the federal funds rate target range at 4.25%-4.50%.
The week beginning June 2 was anticipated to bring key economic data, including the ISM Manufacturing PMI, U.S. JOLTS Job Openings, and later in the week, the U.S. employment report (non-farm payrolls). Central bank activity was also in focus, with the European Central Bank (ECB) expected to cut interest rates and the Bank of Canada (BOC) also holding a meeting with potential for a rate reduction.
Market volatility, which had been elevated, showed signs of calming as the VIX index held steady near 18.6, though caution persisted. The U.S. dollar had a volatile previous week, strengthening early on but softening by Friday due to weaker U.S. data. Commodities like gold and crude oil saw fluctuations influenced by trade, geopolitical risks, and OPEC+ meetings.
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