We recently published a list of Why These 10 Firms Recorded Double-Digit Gains Last Week. In this article, we are going to take a look at where Tesla Inc. (NASDAQ:TSLA) stands against other firms that recorded double-digit gains last week.
Ten companies finished the past trading week on a high note, outperforming the three major indices with double-digit gains amid a flurry of catalysts, including upcoming earnings releases, that sparked buying appetite.
Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked in a 4.59-percent gain, while the Dow Jones was up by 2.48 percent.
In this article, we have listed last week’s top 10 performing stocks and detailed the reasons behind their gains. The stocks were chosen based on the highest percentage increase in closing prices on April 25 as against their prices on April 17, or the week prior.
To come up with the list, we considered only the companies with a $2-billion market capitalization and a $5-million trading volume.
Tesla Inc. (NASDAQ:TSLA)
Shares of Tesla Inc. jumped by 18.05 percent week-on-week, finishing Friday’s trading at $284.95 versus the $241.37 close on April 17 as investors snapped up shares following Elon Musk’s announcement that he would devote more time to the company beginning next month.
This came after TSLA saw net income attributable to shareholders nosedive by 71 percent during the first three months of the year to only $409 million from $1.39 billion in the same period a year earlier, as revenues dropped by 9 percent to $19.3 billion from $21.3 billion year-on-year.
Speaking to shareholders during the company’s earnings release, Musk said that he will be “allocating far more of … time to Tesla” beginning May.
Additionally, investors cheered the Department of Transportation’s relaxation of rules on self-driving vehicles through a new framework that aims to cut red tape and move toward a single national standard for self-driving vehicles.
The new rules spelled good news for Tesla Inc. (NASDAQ:TSLA), which has set its sights on the development of robotaxis.
Overall, TSLA ranks 10th on our list of firms that recorded double-digit gains last week. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
