Tesla shares went up again on Monday, continuing a recent run of gains that has helped the electric-vehicle maker recover part of its losses this year.
Shares rose about 1% before the market opened, matching small gains in the broader market futures. Investors are now focusing less on recent jobs data and more on upcoming inflation numbers.
Last week, Tesla broke a three-week losing streak and rose nearly 6% as more retail investors bought the stock. According to J.P. Morgan, new retail inflows reached about $372 million over five trading days through Wednesday, much higher than the $121 million from the week before. Despite this rebound, shares were still down 27% for the year through Friday’s close, affected by lower profits and ongoing uncertainty about the company’s AI plans.
Even after this year’s drop, Tesla’s stock is still expensive. As of Friday, it traded at about 194 times expected 2026 earnings, which is around 10 times higher than its five-year average.
