Tesla Take Off Tops D20
Outgaining the Dow and S&P 500 last week, the Driverless Transportation (D20) Stock Index climbed 3.55 points to close at 148.44, up 2.5 percent. With the shares of 15 stocks increasing, four losing value and one unchanged, the D20 continued the ascent it started on February 12th. It has jumped more than 19 percent in the last five weeks.
The Dow rose 2.26 percent to finish the week at 17602.3, recovering what it lost during the slide that started in January. The S&P rose only 1.4 percent to close the week at 2049.58.
After several analysts upgraded their outlook on Tesla (TSLA), its stock price jumped $25.24 to close Friday at $232.74, its highest point since the beginning of this year. The 12.2 percent increase led the D20 last week. After automakers pledged to make Automatic Emergency Braking (AEB) an industry standard by 2022, Mobileye (MBLY), the Israeli-based firm that analysts think will supply many of those systems, saw its stock rise 6.4 percent and close at $37.23. Mobileye shares are up more than 40 percent in the past six weeks.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
