Tesla Stock Daily Drive

June 07, 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, where we delve into today's financial headlines and dissect market movements with clarity and insight. I'm your host, Dusty, guiding you through an exciting day in the financial markets with a calm and thoughtful approach.

Today marked a significant rebound for Tesla's stock, as shares jumped by almost 4% after experiencing a sharp decline yesterday. On this rollercoaster of a Friday, Tesla's stock closed at $295.14. This marked an impressive recovery, following a gut-wrenching 14% drop on Thursday. A major factor behind the volatility was the high-profile feud between Tesla's CEO, Elon Musk, and U.S. President Donald Trump. Over the past few days, tensions seemed to ease, which came as a relief to many investors and likely contributed to today's rebound.

Despite the rebound, there's still a lot to consider about Tesla's performance. The stock is down more than 25% for the year but remains up over 70% from the same time last year. With a market capitalization standing at a hefty $917 billion, Tesla is weathering a rocky year, one marked by dramatic highs and lows.

While Tesla has grabbed the headlines, the broader market also saw notable gains. The S&P 500 made a milestone move, closing above 6,000 points for the first time since February. A strong monthly jobs report fueled this surge, with U.S. employers surprising analysts by adding 139,000 jobs in May, holding the unemployment rate at a steady 4.2%.

Looking across the globe, the Indian market registered its own set of movements, with the Nifty 50 and Sensex both posting gains. The Reserve Bank of India made a bold decision by cutting the repo rate by 50 basis points, aiming to stimulate economic growth amid strong GST collections.

In the world of commodities and currencies, the 10-year Treasury note yield climbed to 4.51%, while the dollar index made a significant leap. Interestingly, as gold futures dropped, the price of West Texas Intermediate crude oil rose, wrapping a week of diverse financial stories for commodities traders.

Across the Canadian border, the labor market painted a more somber picture, with unemployment hitting 7%, a rate not seen in almost nine years. Meanwhile, the UK economy expanded by 0.7% in the first quarter, adding to a generally positive set of economic indicators for the week despite the European Central Bank's rate cut.

On the corporate front, Broadcom faced a tumble in stock value, while United Airlines seemed to soar high with a nifty new partnership with Spotify. It seems the market remains highly sensitive to political developments and corporate news, and today was no exception.

For those with an eye on investments, it's crucial to ride these waves with a strategic approach. Diversification remains key, as does keeping a clear eye on both macroeconomic indicators and sector-specific developments. Keeping abreast of global economic shifts and adjusting portfolios accordingly might shield against undue volatility, and taking note of regulatory developments can also offer insights into future trends.

And that's a wrap on today's financial insights. Join me again as we continue to navigate through the ebb and flow of the market. Remember, when the dust settles, only the truth remains. Stay informed, and until next time, goodbye.

Tesla Stock Rebounds on June 6, 2025, Amid Broader Market Surge

Tesla (TSLA) shares experienced a notable rebound on Friday, June 6, 2025, gaining nearly 4% after a significant tumble the previous day. This recovery occurred as the broader market also saw a surge, with the S&P 500 reaching 6,000 points for the first time since February 2025.

Tesla's Stock Movement and Background:

* On Friday, June 6, 2025, Tesla's stock (TSLA) closed at $295.14. This represented an increase of approximately 3.7% to 4% during the day. At one point, the stock was up over 6.26%, trading at $302.51.
* This rebound followed a sharp decline on Thursday, June 5, 2025, when Tesla shares plunged 14% (or 14.3%), wiping out a significant portion of recent gains and pushing the company's market capitalization below $1 trillion. The drop on Thursday amounted to a US$150 billion loss in market value.
* The volatility was largely attributed to an intensifying public dispute between Tesla CEO Elon Musk and U.S. President Donald Trump. Trump had threatened to cut government contracts with Musk's companies.
* Signs of de-escalation in the feud over the weekend contributed to the stock's recovery on Friday. Some analysts remained bullish on Tesla despite the conflict, though they noted potential regulatory complications.
* By Friday's close, compared to an opening price of $298.84, Tesla's share price saw a slight drop of 1.25% from its opening, despite the intraday gains.
* Despite the day's rebound, Tesla's stock was down 25.09% year-to-date as of June 6, 2025. However, it was up 70.45% compared to June 7, 2024.
* The company's market capitalization was reported as $752.98 billion with 3.22 billion shares outstanding. As of June 6, 2025, Tesla's market capitalization stood at $917 billion, marking a 29.3% decline in 2025, the largest among major global companies.
* News also surfaced that the head of Tesla's Optimus robot program, Kovac, had left the company.

Broader Market and Economic Context on June 6, 2025:

* Market Surge: U.S. stocks surged on Friday, June 6, 2025, following a highly anticipated monthly jobs report that reinforced confidence in the economy. The S&P 500 rose 1%, the Dow Jones Industrial Average added 1.1%, and the Nasdaq Composite climbed 1.2%. The S&P 500 closed above 6,000 points for the first time since February 21, 2025.
* Jobs Report: U.S. employers added 139,000 jobs in May, exceeding economists' expectations of 125,000. The unemployment rate held steady at 4.2%. This report highlighted the continued resilience of the labor market.
* Indian Market: In India, the Nifty 50 closed at 24,994.35, up 0.98% from the previous week, and the Sensex rose to 81,442.04, gaining 0.55%. The Reserve Bank of India (RBI) cut the repo rate by 50 basis points to 5.50% and the cash reserve ratio by 100 basis points to 3% to stimulate growth. GST collections in May 2025 reached ₹2.01 lakh crore, a 16.4% year-on-year increase.
* Other Economic Indicators:
* The 10-year Treasury note yield jumped to 4.51%.
* The U.S. dollar index rose 0.5% to 99.20.
* Gold futures were down 1.3% to $3,330 an ounce.
* West Texas Intermediate crude oil futures rose 2.2% to $64.75.
* In Canada, the national unemployment rate rose to 7.0% in May, the highest in nearly nine years (excluding the COVID-19 pandemic peak). Canada's exports to the U.S. dropped sharply in April, widening the trade deficit.
* Core PCE inflation in the U.S. eased to 2.5% year-over-year in April.
* The UK economy grew by 0.7% quarter-on-quarter in Q1 2025.
* The European Central Bank cut interest rates by 0.25%.
* Market Sentiment: Investor concerns about U.S. tariff plans have eased, while corporate earnings and economic data have remained strong. However, markets were also noted to be highly reactive to political developments.

Company Earnings and Other News:

* Broadcom (AVGO) shares fell 5% on Friday.
* United Airlines (UAL) announced a partnership with Spotify (SPOT), and its shares increased 4.8%.
* Amazon announced job cuts in its Books division.
* Lululemon cut its profit forecast, citing low U.S. store traffic and competition.

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Tesla Stock Daily Drive