Get All Access for $5/mo

Investors Like Tesla's New Independent Board Directors, Larry Ellison and Kathleen Wilson-Thompson Tesla was the biggest winner on the Entrepreneur Index™ today.

By Andrew Osterland

Opinions expressed by Entrepreneur contributors are their own.

Bloomberg | Getty Images

Stock prices were down in the morning, staged another rally in the afternoon but faded in the final hour of the last full trading day of the year.

The Dow and S&P 500 indexes were down 0.33 percent and 0.12 percent respectively, and are on pace for their worst performance in the month of December since 1931. The Nasdaq Composite index was up 0.08 percent. The Entrepreneur Index™ gained 0.27 percent on the day.

Tesla had the biggest gain on the Entrepreneur Index™ today, rising 5.61 percent. Investors appear to like the company's choice of Oracle CEO Larry Ellison and Kathleen Wilson-Thompson, head of HR for Walgreens Boots Alliance, as new independent directors on Tesla's board. The company was required to appoint a new chairman and two new independent board directors as part of a settlement between the Securities and Exchange Commission, Tesla and CEO Elon Musk. The stock was down more than 15 percent in the last two weeks before today's jump.

Technology stocks were up sharply in early trading, but lost momentum through the day. NVIDIA Corp, which produces semiconductor chips for high-end graphics applications, led the pack rising 1.89 percent. The company's stock has had a wild year, rising more than 50 percent to a peak of $293 in early October and falling more than 50 percent to its current $134. It is down 29 percent for the year now. gained 1.14 percent and the other eleven tech stocks on the Entrepreneur Index™ were mixed. Facebook, down 0.98 percent, had the biggest decline in the sector.

Retail stocks were broadly higher this morning on the strength of good holiday season sales, but also limped to the finish. Walmart (0.59 percent), Costco Wholesale Group (0.48 percent) and Dollar Tree Inc. (0.45 percent) all ended the day with small gains as did specialty retailer Bed Bath & Beyond (0.26 percent).

Chipotle Mexican Grill had the second biggest gain on the index today, rising 2.33 percent.

The stocks of clothing makers were down sharply. L Brands and Under Armour Inc. were down 2.45 percent and 2.18 percent respectively, while Gap Inc. fell 1.99 percent. Ralph Lauren Corp. was off a more moderate 0.25 percent.

Oil and gas producer Hess Corp. was down after bouncing sharply off a 52-week low the day after Christmas. The stock fell 2.79 percent -- the biggest decline on the Entrepreneur Index™ today--despite the price of oil rising 1.1 percent. Oil is down 40 percent since the beginning of October as confidence in global economic growth has waned.

Uncertainty continues to rule the day with investors. The government shutdown, U.S.-China trade talks and anxiety about the next moves by the Federal Reserve Bank are all contributing to volatility in stock prices. The market will be open for an abbreviated session on Monday before New Year's Eve.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on

Andrew Osterland is a contributing writer for He specializes in capital markets, personal finance and taxes.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick


ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Business News

You Can Now Apply to Renew Your U.S. Passport Online — But There's a Catch

The U.S. State Department officially launched the beta program this week.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.