Zinger Key Points
- Tesla is 2024’s worst-hit Mag 7 stock year-to-date, but the only one still showing month-to-date gains.
- Despite a 37% plunge earlier, Tesla has clawed back to positive territory while peers stay red.
- Markets are messy—but the right setups can still deliver triple-digit gains. Join Matt Maley live this Wednesday at 6 PM ET to see how he’s trading it.
Among the so-called Magnificent Seven tech giants, Tesla Inc. TSLA holds a rare and ironic distinction: it's been beaten the hardest so far this year, yet it's the only one still standing with gains for the month.
While Alphabet Inc. GOOG GOOGL, Nvidia Corp. NVDA, Apple Inc. AAPL, Microsoft Corp. MSFT, Meta Platforms Inc. META, and Amazon.com Inc. AMZN all sport negative month-to-date performances in 2025, Tesla is the lone green candle.
The electric vehicle giant is up 6.76% MTD, but that's after being down 33% so far this year.
Read Next: Tesla Touts FSD Capabilities, Elon Says Predicts Cars Will Soon ‘Drive Itself Right To Your House’
From Worst To (Sort Of) First
Tesla's YTD performance reads like a comeback arc written for a Wall Street soap opera. No other Magnificent Seven stock has come close to the rollercoaster volatility that CEO Elon Musk's empire has endured. Nvidia stock, for instance, is down 18.88% YTD. Meta stockholders have been slapped with a nearly 12.97% loss. And even Apple, the tech titan with the largest market cap on Earth, is nursing a 17.10% drop YTD.
However, despite Tesla's shaky fundamentals, sky-high valuation (forward P/E of 100), ongoing scrutiny over demand, pricing and Musk's Twitter antics, the market seems unwilling to count the company out.
On a month-to-date basis, it is the only Mag 7 stock that is up 6.76%. Apple stock is down 5.54% MTD, Meta stock is 13.78%, and Microsoft stock is 0.76%.
Musk's Mojo Vs. Market Malaise
What gives? Some of Tesla's rebound can be chalked up to short covering, speculative trading and renewed optimism over the company's AI and robotics ambitions.
Meanwhile, the rest of the Mag 7 are getting dragged down by tariff troubles.
In a month where every other Mag 7 member is nursing wounds, Tesla somehow managed to walk away bloodied – but technically victorious.
It's not the kind of win investors dream of, but in this market, staying green might just be the new gold.
Disclaimer: Price information as of 9 AM ET, Wednesday
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