Tesla Stock Takes a Black Friday Breather. How That Compares to History.

Coming into Friday trading, Tesla stock was up 6% year to date and up 28% over the past 12 months. (HECTOR RETAMAL/.AFP via Getty Images)

Key Points

• Tesla stock rose 1.4% to $432.69 in early trading, but was only up 0.1% by midmorning.
• Since its 2010 IPO, Tesla stock has moved an average of 1.4% on Black Friday, compared with a 2.4% average daily move.
• Tesla stock has increased 6% year to date and 28% over the past 12 months.

As shoppers look for deals on Black Friday, investors and traders have to deal with a shortened day for the stock market.

Tesla stock rose 0.8% , closing at $430.17. The S&P 500 and Dow Jones Industrial Average rose 0.5% and 0.6%, respectively.

Tesla has now seen 16 Black Fridays since its 2010 initial public offering at a split-adjusted $1.13. Shares have risen nine times and fallen seven times. The stock moved an average of 1.4%, up or down. It has moved an average of 2.4%, up or down, a day since the IPO.

It looks as if the market’s general direction drove shares on Friday. There weren’t any Wall Street upgrades or downgrades, no price-target changes, and no seemingly big news for investors to digest.

Over time, Black Friday trading has barely moved the stock. So Tesla investors might be able to take a day off safely and look for some holiday deals.

The average daily move for Tesla stock since the IPO is up 0.2%. Shares rise 52% of the time. That small amount on better than half of the days has taken Tesla shares from $1.13 to north of $426 as of Wednesday’s closing price.

Coming into Friday trading, Tesla stock was up 6% for the year and up 28% over the past 12 months.

Write to Al Root at allen.root@dowjones.com