By Alex Kozul-Wright

Tesla stock was advancing early Friday and is on course to snap out of a months-long losing streak.

Shares in the EV giant were up 0.3% to $390.10 in premarket trading. Over the past five days, the stock has jumped a whopping 11%.

The stock is on an eight-week losing slump -- with investors concerned about stagnant car sales and elevated capital spending. But that is set to end Friday.

But, alongside broader equity markets, Tesla stock may have been responding to news earlier this week that the U.S. and Iran are looking to extend their two-week cease-fire beyond April 22.

The S&P 500 and tech-heavy Nasdaq futures indexes were up 0.2% and 0.1%, respectively, on Friday morning. Meanwhile, General Motors was up 2.1% and Ford advanced 0.3% ahead of the bell.

Among other things, investors will be keeping an eye on Tesla's first-quarter earnings report, out April 22, for clues about a potential expansion into the robo-taxi business. Bullish investors see massive upside in Tesla stock linked to autonomous taxi services.

Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com

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April 17, 2026 05:57 ET (09:57 GMT)

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