Ultimately, earnings drive share prices. Only two Magnificent Seven stocks, and a third megacap, meet this triple-25% growth standard.
Tesla stock heads into a new week of trading down 29% this year, but up about 25% from its 52-week closing low.
Indonesia’s top investment official said Monday that the government has proposed to Tesla CEO Elon Musk the construction of an electric vehicle battery plant in the nickel-rich country. The official spoke after Musk met with Indonesian President Joko Widodo while attending a water conference on the island of Bali. Indonesia is keen to build up industries to exploit is rich natural resources, which include the world’s largest nickel reserves.