Tesla Shares Gain Ground Mid-Morning, Rebounding Above $285

Tesla Inc (NASDAQ: TSLA) stock is trading higher late Tuesday morning, recovering from an early dip to post gains of nearly two percent. As of 11:10 am GMT-4 on May 2nd, shares were changing hands at 285.70 USD, up 5.18 USD or 1.85% from the previous close of 280.52 USD.

The electric vehicle manufacturer experienced some initial volatility after the opening bell. The stock opened at 284.90 USD but quickly saw selling pressure that pushed it down to a session low of 279.81 USD. However, buying interest re-emerged, driving the price upward to reach an intraday high of 287.94 USD before settling slightly off that peak.

This price action adds to the narrative of Tesla’s high-volatility trading pattern. The stock currently carries a high price-to-earnings (P/E) ratio of 157.25, reflecting significant growth expectations embedded in its valuation. Tesla does not currently pay a dividend to shareholders.

The day’s trading remains well within the stock’s established 52-week range. The lowest point over the past year was 157.40 USD, while the highest price reached was 488.54 USD. Investors continue to monitor the stock closely amid broader market movements and company-specific developments.