Get All Access for $5/mo

Tesla Stock Continues June Rebound as Shares Rise Again The broader stock market was flat.

By Andrew Osterland

Opinions expressed by Entrepreneur contributors are their own.

Bill Pugliano | Getty Images

Stocks opened higher but fell through most of the day. The indexes ended the session with declines of less than 0.1 percent. The Entrepreneur Index™ fared slightly better, closing the day with a gain of 0.08 percent.

Tesla had another good day, posting the biggest gain on the Entrepreneur Index™. It was up 1.98 percent after Morgan Stanley analyst Adam Jonas suggested that investors were undervaluing the company's potential upside from its autonomous driving technology. Earlier this year, CEO Elon Musk said that autonomous driving fleets of Teslas would eventually give the company a market cap of $500 billion. The shares are up more than twenty percent in June after losing nearly fifty percent of their value in the first five months of the year.

The technology sector once again had mixed performance. Facebook (1.88 percent) and chip-maker NVIDIA Corp. (1.56 percent) had good gains while software-makers Adobe Systems Inc. (-1.55 percent) and salesforce.com (-1.73 percent) had losses. Salesforce's drop comes on the heels of a more than five percent loss yesterday when it announced a $15.3 billion deal to buy data software firm Tableau. Analog Devices, up nearly six percent yesterday after getting an upgrade from a Goldman Sachs analyst was down 1.3 percent today.

Clothing retailers had a decent day. Under Armour Inc. (1.55 percent) and L Brands (1.65 percent) were up nicely while Gap Inc. (0.83 percent) and Ralph Lauren Corp. (0.18 percent) had more modest gains.

Other notable gains on the Entrepreneur Index™ today included Ford Motor Co. (1.02 percent), Capital One Financial (1.01 percent), Hess Corp. (1.26 percent) and Chipotle Mexican Grill (1.21 percent).

D.R. Horton Inc. was down 1.36 percent today. Demand for new homes has been spotty of late but shares of the country's biggest homebuilder are up nearly 30 percent this year as investors expect multi-year low 30-year mortgage rates will spur demand.

The REITs were mixed today with five of nine stocks on the Entrepreneur Index™ falling today. Macerich Company (-1.17 percent) and Boston Properties (-0.7 percent) had the biggest declines in the sector. Essex Property Trust (1.02 percent) had the biggest gain.

Other declines on the Entrepreneur Index™ included pest-control company Rollins Inc. (-1.78 percent), Fedex Corp. (-1.48 percent), Cerner Corp.(-1.42 percent) and Intercontinental Exchange (-1.32 percent).

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 Entrepreneur.com.

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

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

Editor's Pick

Business Solutions

Right Now, You Can Get More Than 310 Hours of IT Training for Just $50

Stay ahead in tech with the CompTIA Super Bundle.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Operations & Logistics

The Holidays Mean Vacation Time — But Disaster Can Still Strike. Is Your Crisis Plan Ready?

Holidays mean different working hours for companies and different schedules for employees that take off. Before you and your team enjoy some much deserved time off, it is important to put a crisis management plan in place so your business is ready to tackle any issue that crops up.

Starting a Business

How to Start a Freight Brokerage Business

Get your entrepreneurial destiny really moving by becoming a broker--matching shippers and transportation servicess--for the freight industry.

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.

Side Hustle

After This 26-Year-Old Got Hooked on ChatGPT, He Built a 'Simple' Side Hustle Around the Bot That Brings In $4,000 a Month

Dhanvin Siriam wanted to build something that made revenue from ChatGPT, and once he did, he says, "It just caught on."