Tesla’s stock set to slip, which would snap best 5-day performance in 6 weeks


Shares of Tesla Inc.
TSLA,
+0.86%

were set to take a breather Wednesday after its recent rocket ride, in which the stock rose 37.3% amid a five-day win streak. The electric vehicle maker’s stock slipped 0.9% in premarket trading, after closing Tuesday at a record $1,887.09, the third-straight record close. The current win streak was kicked off after Tesla announced a 5-for-1 stock split. As strong as the stock has been the past five days, it’s only the best five-day percentage performance since the five-day stretch ended July 7, when the stock shot up 37.7%. And the five-day win streak is just the longest since the six-day stretch that ended July 7. Tesla’s stock has more than doubled (up 133.6%) over the past three months through Tuesday, while the Nasdaq Composite
COMP,
-0.07%

has rallied 22.1% and the S&P 500
SPX,
+0.08%

has advanced 16.0%.



Read More: Tesla’s stock set to slip, which would snap best 5-day performance in 6 weeks

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