Tesla, Mobileye Send D20 Losing Again - Driverless Transportation

Losing 3.2 percent of its value while falling to 143.39, the Driverless Transportation (D20) Stock Index last week far outstripped the 0.2 percent loss in the Dow and the 0.4 percent slump in the S&P 500. With 18 losers and only two gainers, the D20 logged its second consecutive weekly decline.

The D20’s biggest loser was Tesla (TSLA), dropping close to 11 percent and falling all the way to $214.93, its lowest level since mid-March. Tesla’s plunge came after it announced that it was doubling its plan for vehicle deliveries. Israel-based Mobileye (MBLY) also dropped sharply as it announced disappointing first quarter results, losing 8.2 percent and closing at $35.00.

The two gainers for the D20 this week were Alphabet (GOOG) and Nissan’s ADR (NSANY). GOOG gained 2.7 percent closing the week at $711.12 while NSANY edged up nearly 2 percent to end the week at $18.12.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.