Tesla Stock Daily Drive

June 04, 2025 • Finance

Hosted by Dusty

About This Episode

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.

Transcript

Welcome to "Tesla Stock Daily Drive". I'm your host, Dusty, where we delve deep into the day's financial markets with a special focus on Tesla and broader economic trends.

Let's jump into the world of finance. Today, the major U.S. stock markets ended on a positive note. The S&P 500 climbed 0.6%, hitting 5,970 points, while the Dow Jones made its fourth consecutive gain, rising by 0.5% to over 42,500 points. Over at the Nasdaq, things looked up with an 0.8% increase, driven by technology sector gains. Chipmakers like Nvidia and Broadcom were the stars, both appreciating around 3%, but not everyone joined in on the cheer. Alphabet, Amazon, and Meta saw slight slides.

Now, zeroing in on Tesla, a notable player today. Tesla shares took a steady ride upward. Reports showed them hovering between $344 and $349, marking a rise from the previous day. This upward trend has been brewing following a tight first quarter. Can you believe it? Over the past 12 months, Tesla's stock soared nearly 97%! Not too shabby for a company known to keep investors on their toes.

Options activity for Tesla showed a significant boost as well, especially the $350 call contract for June 6th. Meanwhile, implied volatility saw a drop, pointing toward stabilizing market sentiment, although analyst views on Tesla's future remain divided. With price targets ranging as low as $19 and as high as $500, Tesla certainly sparks a wide array of predictions. Notably, Goldman Sachs had a more conservative outlook, whereas 24/7 Wall St. showed optimism with targets just above current prices.

Shifting gears to Tesla’s global footprint, Australia saw a remarkable sales rebound in May, notably with the Model Y leading the charge. This was a dramatic comeback from shipping delays. Such regional swings reinforce Tesla's dynamic market presence, from Australia's victory lap to European hurdles, where a sharp sales decline contrasts Norway's promising surge.

A bit of drama on the company front—Elon Musk made headlines by sharply opposing a new tax bill via social media. This follows Musk's resignation from the government's advisory realm, adding layers to the ongoing narrative about his leadership and public stances.

Now, looking at broader financial tales, the market sentiment today seemed buoyed by a pause in U.S.-China trade tensions, aligning stocks with their all-time highs. Meanwhile, U.S. treasuries and the dollar showed little movement, although the U.S. dollar index edged up slightly.

On the commodities scene, a rise in oil prices contrasted with a drop in gold, while metals like Palladium and Silver kept climbing. These trends often echo broader market movements, making them essential bars to watch.

Amidst this economic dance, job openings surged beyond expectations, pointing again to the U.S. market's resilience. However, manufacturing orders witnessed a slip, perhaps hinting at challenges lying ahead. As for the global growth forecast, the OECD's recent downward revision frames a sobering backdrop, largely due to trade concerns.

For investors, keeping an eye on upcoming U.S. job reports and PMI data will be critical, along with the Bank of Canada's next rate move.

Before we wrap up, remember: in the world of investing, diversification remains key. The ebbs and flows of today’s market remind us to weigh both opportunity and risk.

Thank you for joining me on this journey through the financial landscape. As always, when the dust settles, only the truth remains. See you next time on "Tesla Stock Daily Drive".

On June 3, 2025, the financial markets saw several key movements and news developments, with a particular focus on Tesla's stock performance and broader economic indicators.

Tesla (TSLA) Stock Performance & News - June 3, 2025:

* Daily Stock Movement: Tesla (TSLA) shares gained ground on Tuesday, June 3, 2025. One report indicated the stock traded at $344.97, marking an increase of $2.39 or 0.70% from the previous session. Another source cited TSLA shares were up $6.89, or 2.01%, at $349.58 during the day.
* Recent Performance Context: This gain comes after a period of recovery for Tesla stock. After a challenging first quarter of 2025, the share price had bounced back, gaining nearly 58% from its year-to-date low and almost 25% over the past month leading up to June 3. Over the four weeks prior to June 3, Tesla's stock had gained 23.00%, and it had risen 97.17% over the preceding 12 months.
* Options Market Activity: Tesla's options market experienced a significant surge in activity. The June 6, 2025, $350 call contract was particularly active, with 55,058 contracts traded by 11:32 AM, accounting for 8.8% of Tesla's total option volume for the day. This coincided with the stock's approximate 2% rise. The implied volatility for Tesla options saw a decrease of 7.3% from the prior day's close.
* Analyst Sentiment (Context): Analyst outlooks for Tesla in 2025 remain varied. The median one-year price target among analysts stood at $282.70, suggesting potential downside. Goldman Sachs had recently revised its price target downwards to $235. Conversely, 24/7 Wall St. offered a more optimistic 12-month target of $352.99. Overall, price targets from analysts showed a wide dispersion, ranging from as low as $19.05 to as high as $500 per share. Analysts, on average, projected a 17.5% revenue increase for Tesla in 2025, reaching $117.2 billion.
* Company-Specific News:
* Australian Sales Rebound: In Australia, Tesla's electric vehicle sales saw a strong rebound in May, with 3,897 vehicles sold. This performance was largely driven by the refreshed Model Y and was nearly an eightfold increase from April's sales, which Tesla had attributed to shipping delays from China. The Model Y achieved its highest sales month in Australia since March 2024.
* European Sales Trends (Preliminary): Preliminary data for May indicated a continued significant decline in Tesla sales across most European countries. For instance, year-over-year sales were reportedly down 53.7% in one unnamed country and 68% in Portugal, even as the overall EV markets in those regions grew. Norway, however, presented a contrasting picture with a surge in Tesla sales during May. The company is expected to begin deliveries of a new, less expensive Model Y version across Europe later in June, which is anticipated to potentially boost sales.
* Shareholder Demands: A group of Tesla shareholders, notably including the New York City controller (who holds over 3 million TSLA shares), formally wrote to CEO Elon Musk. Their letter outlined several demands, including a clear succession plan for the CEO role, a commitment to a full-time CEO, and a board of directors that operates with greater independence and oversight.
* Elon Musk Criticizes Tax Bill: On June 3, Elon Musk publicly criticized a tax bill progressing through the U.S. Congress, terming it a "disgusting abomination" via his social media platform X. This statement came after Musk had recently stepped down from his advisory role with the Department of Government Efficiency (DOGE) within the Trump administration.

Broader Financial Market News & Data - June 3, 2025:

* Major Stock Indexes: U.S. stock markets generally closed higher. The S&P 500 increased by 0.6% (34.43 points) to 5,970.37. The Dow Jones Industrial Average rose by 0.5% (214.16 points) to 42,519.64, marking its fourth consecutive session of gains. The Nasdaq Composite climbed 0.8% (156.34 points) to 19,398.96. The Russell 2000 index of smaller companies also saw a notable increase of 1.6%.
* Market Drivers & Sentiment: The positive market performance at the start of June was partly attributed to investors setting aside concerns about U.S.-China trade tensions. U.S. stocks moved closer to their all-time record highs.
* Sector Performance: Chipmaker stocks were among the leaders, with Nvidia (NVDA) and Broadcom (AVGO) each rising around 3%. ON Semiconductor (ON) experienced a significant jump of 11%. Other major technology companies like Microsoft (MSFT) and Apple (AAPL) also saw gains. However, Alphabet (GOOG) declined by 1.6%, and Amazon (AMZN) and Meta Platforms (META) experienced slight falls.
* Corporate Movers: Shares of discount retailer Dollar General (DG) surged by approximately 14% to 15.8% following the announcement of stronger-than-anticipated first-quarter earnings and an upward revision of its full-year financial outlook.
* Treasury Yields & US Dollar: The yield on the 10-year U.S. Treasury note remained relatively stable, inching down to 4.45% from 4.46% on the previous day. The U.S. Dollar strengthened against other major G-10 currencies. The U.S. dollar index (DXY) rose by 0.6% to 99.25.
* Commodities Market: Oil prices advanced, with West Texas Intermediate (WTI) crude futures increasing by 1.3% to $63.35 per barrel. In contrast, gold prices decreased by about 0.8%. Industrial metals, including Palladium (up 3.20%) and Silver (up over 5% since the previous Friday's close), recorded gains.
* International Markets: European stock markets displayed a cautious tone as June trading began, with the Stoxx 50 index declining by 0.3%. Asian stock markets showed mixed results, though Hong Kong's Hang Seng Index rebounded by 1.5%. In India, the Sensex and Nifty 50 indexes both closed lower.
* Market Volatility: The CBOE Volatility Index (VIX), often referred to as the "fear gauge," eased.
* Tariff Discussions: Trade tariffs continued to be a significant point of focus for investors, with ongoing concerns about their potential economic impact. It was noted that tariffs on Chinese imports had been postponed two days prior (to June 3rd) until August 31st, a development that had previously contributed to a rally in stock indices.

Key Economic Indicators Released/Discussed on June 3, 2025:

* U.S. Job Openings (JOLTS): The Job Openings and Labor Turnover Survey (JOLTS) report for April was released, indicating 7.391 million job openings. This figure surpassed economists' expectations of 7.200 million and represented an addition of 191,000 new job openings compared to the previous report. This was seen as another signal of a resilient U.S. labor market.
* U.S. Manufacturing Data: The U.S. Census Bureau released data on Manufacturing Inventories and New Orders. Specifically, New Orders for Manufactured Goods in April 2025 amounted to $594.6 billion, which was a 3.7% decrease compared to March 2025. The Index of Economic Activity for April 2025 registered a value of -1.13 as of June 3, 2025, down from -0.91 on June 2.
* OECD Economic Outlook: The Organisation for Economic Co-operation and Development (OECD) revised its global economic growth forecast downwards to 2.9% for both the current and upcoming year, primarily attributing this to the impact of trade tariffs. For the United States, the OECD projected real GDP growth of just 1.6% in 2025 (a decrease from 2.8% in the prior year), citing factors such as tariffs, economic policy uncertainty, a slowdown in net immigration, and reductions in the federal workforce. The OECD also forecasted that U.S. annual headline inflation would likely rise to 3.9% by the end of 2025, driven by higher import prices resulting from increased tariffs.
* Unemployment Trends (Broader Analysis): While not a direct June 3rd release, analysis discussed on the day included Bureau of Labor Statistics data showing that unemployment rates had risen in 286 out of 387 U.S. metropolitan areas in April 2025.
* Anticipated Data: Investors were keenly awaiting the release of the U.S. May jobs report, scheduled for the upcoming Friday. Additionally, Purchasing Managers' Index (PMI) data from Europe and the U.S., along with the Bank of Canada's interest rate decision, were expected on June 4th.

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Tesla Stock Daily Drive