Tesla shares dropped by more than 11% in Thursday trading after the company said it would not produce new model vehicles in 2022, and is not yet working on a $25,000 electric car.
Why is Tesla stock currently doing so well?
1 day ago · For the second trading day in a row, Tesla ( TSLA-4.83%) stock drove lower on Monday, down 3.7% as of 10:50 a.m. ET. You can blame China for …
Why do people keep shorting Tesla stock?
Nov 09, 2021 · Tesla stock closed down 11.99% on Tuesday, extending losses for a second day, after CEO Elon Musk over the weekend proposed selling 10% of his shares in the electric vehicle business. The drop is ...
Why everyone should sell Tesla stock now?
Jul 14, 2021 · Why Tesla Stock Dropped -- Again! A new rival just threw some shade on Tesla's Model S. What happened For the second day in a row, Tesla ( TSLA 3.88% ) stock dropped Wednesday, closing the day down...
Why I decided to buy into Tesla stock?
Sep 28, 2021 · What happened. Shares of Tesla ( TSLA 3.88% ) stock dropped 2% in 1:05 p.m. EDT trading Tuesday as analysts debated what the third quarter might look like for the electric car leader when results ...
A new rival just threw some shade on Tesla's Model S
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
For the second day in a row, Tesla ( NASDAQ:TSLA) stock dropped Wednesday, closing the day down 2.3%.
So what
In a report out late Tuesday -- one that investors didn't get a chance to react to until today -- IBD discussed a call held with investors by Lucid management, the new electric car company being brought public by the special purpose acquisition company (SPAC) Churchill Capital Corp IV ( NYSE:CCIV).
Now what
From Elon Musk's perspective, this is all probably fine. It was always his intention to ignite an EV revolution, and the more companies that go electric, the better, from his point of view -- especially given his preference for building top-of-the-line electric supercars like the Roadster and Model S.
How much did Tesla stock fall on January 26?
Shares of Tesla (TSLA) fell 6% Tuesday after closing down 8.5% Monday, wiping out its gains for the year. The stock closed at a record just above $883 on January 26 and has tumbled since. It fell low as $619 Tuesday, the first time Tesla (TSLA) shares have fallen below $700 since December 31.
How much did Tesla invest in bitcoin?
Tesla announced earlier this month that it had invested $1.5 billion in bitcoin. That helped feed the recent rally in bitcoin and by some estimates earned Tesla a quick $1 billion profit — more than it has ever made from selling cars in a single year.
Is Tesla the most valuable automaker in the world?
Tesla remains by far the most valuable automaker in the world, with a market value well above that of the eight largest automakers combined. Even with the recent decline. Tesla shares are up about 1,300% since October 2019, when it reported a third-quarter profit that surprised investors, sending shares on a tear.
Tesla stock forecast
Tuesday's move was a strong one and has put the recent upward move in serious doubt. We had been focusing on the potential for a bullish flag breakout. We got the breakout, but unfortunately to the wrong side. Now TSLA stock has retraced to the long-term downtrend line and the 21-day moving average.
There is no going back, Cardano is ready for Alonzo hard fork
Input Output Hong Kong has triggered the Alonzo Hard Fork on Cardano mainnet, smart contract functionality roll-out on September 12. Dogecoin millionaire Glauber Contessoto prepares to go "all in" on Cardano, plans to be ADA's biggest supporter.
Caution reigns as European stocks slide, DAX at one month low
It’s been a uniformly negative day for European stocks, as concerns over slowing economic activity weigh on sentiment against a backdrop of rising prices and chatter that central banks are looking at paring back the amount of stimulus in the weeks and months ahead.
