stock volume is 4,855,714 which is about 53.1% of the average stock volume. The value signifies high volatility and ultimately mean inconsistency in the volume of Tesla’s stock. Conclusion Based on the graphical representations and statistical calculation of Tesla’s stock history represents the company needs to react to its upcoming competitors and provide more unique product and service. The stock trends in last 12 months shows gradual decrease in stock prices and we are seeing slight recovery of the stock price in the last quarter. Also, Tesla has a high volatility of 53.1% for daily traded stock volume which explains constant fluctuation of Tesla’s stock exchange 7
APPLYING ANALYTIC TECHNIQUES TO BUSINESS rate. When stock market volatility is high, it is sensitive to the price movements of overseas stock markets including domestic and international economic, political and social issues and events and even the small issue is characterized by the entire stock market. Moreover, adjusted closing price of mean and median are almost equivalent which reflect consistent demand. The scatterplots for the highest and the lowest daily stock prices represents a negative linear relationship between time and stock value which reflects Tesla’s quarterly performance. When Model 3 was in full production, their quarterly vehicle delivery doubled and stock prices began to fall sharply in December 2019 before the official announcement. The first two quarters of 2019, with government reducing tax credit in half and ultimately disappear in next year the price merit of Tesla is gone which expects large deficit in the follow quarter. From histogram of daily stock volume trades skewed to the right explains mean is higher than the median which represents less demand in Tesla’s stock. 8
APPLYING ANALYTIC TECHNIQUES TO BUSINESS Reference Hawkins, A. J. (2016, November 21). Tesla completes its $2.6 billion acquisition of SolarCity. Retrieved from - solarcity-elon-musk Seigel. (2009, July 3). Trading volume: What it reveals about the market. Retrieved from - the-market/20090703.htm Tesla, Inc. (TSLA) Stock Price, Quote, History & News. (2019, September 19). Retrieved from 9
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- Standard Deviation, Scatterplot of highest stock prices of Tesla