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Tesla (TSLA), the popular electric carmaker, is ready to release its 1Q18 earnings on May 2. Despite a weakness in the second half of 2017, the company managed to yield impressive returns of 45.7% last year. That was much better than the 19.4% gain for the S&P 500 Index last year and a 32% rise in the Nasdaq 100. Before we look at analysts’ estimates for Tesla’s 1Q18 earnings, let’s review its recent performance.
Earlier in this series, we looked at the S&P 500 rally and Microsoft’s (MSFT) contribution to it. September 2017 marked the first time Microsoft stock surged to its all-time high and crossed the $600 billion market cap (capitalization). Microsoft stock is currently trading at $92 and has crossed the $710 billion landmark.