Tesla Rises to Finish a Spooky Month.Nov will be better

Tesla stock experienced significant volatility in October, with shares trading more than 5%, up or down, four times.

Historically, November has been a stronger month for Tesla stock, with an average gain of about 12% compared to Octobers 2%.
A shareholder meeting on Nov. 6 will address CEO Elon Musks compensation package, potentially adding to the stocks volatility.



TSLA
+3.74%
investors will be happy to say goodbye to a wild October on
Halloween
. November is typically a better month for shares of the electric-vehicle maker.


Friday, Tesla stock rose 3.7%, closing at $456.56.

There wasnt much to pin the move on besides normal volatility. There were no analyst upgrades or downgrades. Tesla stock dropped a scary4.6% on Thursdayamid a selloff in some AI stocks.

Coming into Halloween, Tesla stock was down about $3, or 1%, in October. That is essentially flat, though the shares went as high as $470.75 early in the month, putting them within 4% of the record high of $488.54, reached in December 2024.

Shares have only traded above $470 three times and closed above $470 once.

Whats more, Tesla shares traded more than 5%, up or down, four times in October, up from two times in September, when shares rose 33% for the month.

Shares finished with a monthly gain of 2.7%, thanks to the Friday Halloween rally.

Over the year, Halloween has been particularly special for Tesla stock. Shares have now traded 12 times on the final day of October, rising seven times and falling five times. The average move, up or down, is about 0.5%. Historically, the average daily gain in Tesla stock is about 0.2%.

That seems small, but small daily gains add up. Tesla stock has risen about 27,500% since the company went public in June 2010.

Looking ahead, Teslas annual shareholder meeting on Nov. 6 should generate some additional stock volatility. Investors are voting on CEO Elon Muskscompensation package, which would be worth about$1 trillionif all his targets are are met.

Many analysts expect the package to pass easily. Failing to pass the package risks irritating Musk, which would introduce unnecessary uncertainty into the stock.

Historically, November is a better month for Tesla stock. While the average gain in October is about 3%, the number for November is about 12%.

What is more, Tesla stock has risen 11 of 15 Novembers since going public in 2010. It has only risen six out of 16 Octobers.