Tesla Up 14% Over Year, Falls on EV Sector Selloff and Tech Rebound
Tesla shares have gained 14% in the past year, trailing Nvidia’s 32% and Google’s 62% gains but outperforming Meta, Amazon, Microsoft and Apple. On February 17, Tesla fell alongside Rivian-driven EV selling pressure and as tech stocks regained footing, while traders adopted a range-based options strategy on its shares.
1. Year-to-Date Performance
Over the past year, Tesla stock has climbed 14%, ranking above Meta, Amazon, Microsoft and Apple but trailing Nvidia’s 32% and Google’s 62% gains within the Magnificent 7 cohort of large-cap tech and EV leaders.
2. Intraday Decline on February 17
On February 17, Tesla shares declined as the broader EV sector faced selling pressure driven by execution concerns over Rivian’s upcoming R2 launch and as technology stocks staged a rebound following a multi-day slump.
3. Range-Based Options Strategy
Some traders have turned to range-based option strategies on Tesla, betting that the stock’s established trading corridor will offer premium income opportunities amid current volatility levels.