Five charts to start your day

Tesla’s stock is traded more than any other company

Tesla has accelerated into the stock market, zooming past traditional auto giants with a valuation that leaves many investors scratching their heads. Despite producing fewer vehicles than the industry's behemoths, its electrifying innovations and Elon Musk's persistence have driven its market cap to unimaginable levels.

That’s what this first chart is about. Investors still love Tesla and you can see this in Tesla’s trending volumes that dominate the market. Even on its slowest day, with a trading volume of $22.6bn on 16 October 2023, Tesla outshone the heaviest trading days of tech giants like Apple, Microsoft and Amazon. In terms of stock trading, Tesla isn't just leading the race – it's lapping its competitors!

---

1. Tesla’s stock is traded more than any other company

Source: chartr

Coming up:

2. Electric vehicles still have a long way to go

3. 10-year Treasuries topped 5% for the first time in 16 years

4. Illegal border encounters in the US are higher than ever

5. Day left for the US strategic petroleum reserve

If you would like to view these charts, why not become a paid subscriber. You would be actively supporting me and the work I do. You can even take out a free one-week trial.