Tesla’s Stock Taps the Brakes, But It’s Still Rising—And So Is the Magnificent Seven
- January 14, 2025

Yesterday’s hit stock has cooled a bit today—but it’s still working its way higher.
Shares of EV maker Tesla ( TSLA ) were up nearly 3% in early trading Friday to around $268, outperforming the benchmark S&P 500. (Read today’s markets coverage here .) That’s less dramatic than the numbers the stock turned in Thursday as the company saw its shares rise 22% , its biggest percentage gain in more than a decade, on the back of an earnings report and outlook investors cheered.
Today’s move has the stock on track for a weekly gain of about 21% from last Friday’s close of $220.70. It has the company’s market capitalization at around $840 billion, according to Visible Alpha data. Analysts tracked by Visible Alpha have yet to catch up to Tesla’s latest ride higher, with their mean price target at about $232.
It also comes as the other six of the so-called Magnificent Seven megacap tech shares—Alphabet ( GOOGL ), Amazon ( AMZN ), Apple ( AAPL ), Meta Platforms ( META ), Microsoft ( MSFT ) and Nvidia ( NVDA )—rose, with all but Apple up more than 1% in recent trading.
That would point toward general optimism ahead of quarterly financial results from Apple, Alphabet, Microsoft, and Meta that are expected next week.