Feb 4, 2020 - Economy & Business

Tesla gains another $19 billion in market value

Data: Money.net; Chart: Axios Visuals

Tesla is in the midst of what might be the most lucrative one-week run in stock market history, on Tuesday gaining another $19.3 billion in market value. Since the close of trading last Tuesday, it's up 50% to an eye-popping $53.6 billion.

But, but, but: Tesla also fell around $80 per share in the last five minutes of trading.

Driving the news: At this point, no one is really sure. No amount of product announcements, analyst upgrades or bullish investor predictions can satisfactorily explain this sort of meteoric rise. Nor the plummet into market close.

Go deeper: Tesla declares 2019 a turning point

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Tesla shares plummet after wild few days of trading

Source: FactSet; Chart: Axios Visuals

Shares of Tesla closed down more than 17% on Wednesday, shredding more than $27 billion in market cap value.

Between the lines: Wednesday ended a streak of eye-popping stock gains for Tesla. Per CNBC, it was the second-worst day for the stock ever.

Tesla stock continues meteoric rise while Exxon's at a decade-low

Data: Money.net; Chart: Naema Ahmed/Axios

Two of the most important companies on the energy beat are having very different weeks.

The big picture: Tesla's shares went bananas again Tuesday, spending much of the day well above $900 before falling at the trading close and continuing its fall early Wednesday. Meanwhile, Exxon's stock has been on a downward trajectory all year that picked up speed with Friday's disappointing earnings report — eventually reaching a decade-low.

Tesla shares soar, company gains $23 billion in market value

Data: Money.net; Chart: Axios Visuals

Tesla shares gained 19.89% on Monday, or over $129 per share, increasing the automaker's market cap by a whopping $23.33 billion.

Driving the news: Panasonic this morning announced that its joint battery-making venture with Tesla turned profitable in the fourth quarter of 2019, although it did not provide specific numbers. A bank analyst also upgraded Tesla today, while one of the company's largest outside shareholders disclosed a slightly increased stake.

Go deeper: Tesla declares 2019 a turning point