Tesla Stock Rises. Where'd the Volatility Go? | Barron's

Tesla Stock Rises. Where'd the Volatility Go? | Barron's

Title: Tesla Stock Rebounds Following Robotaxi Event

Tesla stock has experienced a positive turn, with shares recovering about 2% following an almost 9% drop after the company's Robotaxi event on October 10. This marks four relatively quiet gains in a row for the electric-vehicle maker. Despite this recent uptick, Tesla investors are still adjusting to a low volatility period. The stock has moved an average of about 3% up or down each day since reporting second-quarter earnings in late July, with more than half of those days seeing movement greater than 3%. Tesla's sales have faced challenges this year, with global sales falling around 2% by the end of September compared to the previous year. However, deliveries picked up in the third quarter, totaling about 463,000 vehicles, a 6% increase year over year.