Why is Tesla stock dropping so much?
Aug 16, 2021 · As of 11:30 a.m. EDT, Tesla's stock was down about 5.1% from Friday's closing price. So what The National Highway Traffic Safety Administration (NHTSA) said that it has opened a formal safety probe...
Why everyone should sell Tesla stock now?
Dec 04, 2021 · Shares of Tesla ( TSLA -4.83% ) were hit hard on Friday. The electric car maker 's stock fell as much as 7.2%. But as of 12:50 p.m. ET, the stock was down 5.5%. The stock was likely down because of...
Should you buy TSLA 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 ...
Would it be worth buying 1 share of Tesla stock?
May 19, 2021 · As of 11:30 a.m. EDT, shares were down 3.9%. The stock's pullback likely has to do with a combination of many growth stocks like Tesla falling sharply at market open and cryptocurrency prices ...
What happened
Shares of Tesla (NASDAQ: TSLA) were trading lower on Monday after a U.S. government agency announced an investigation into the company's Autopilot hands-free driving system.
So what
The National Highway Traffic Safety Administration (NHTSA) said that it has opened a formal safety probe into Tesla's driver-assist systems after a series of crashes involving emergency vehicles. (The investigation was opened on Friday, but it was first reported on Monday morning.)
Now what
While NHTSA's investigation is focused on Tesla, it's also a signal to the industry at large that its regulators are now looking carefully at the so-called "self-driving" space. Auto investors should note that this could have consequences for other companies developing advanced driver-assist or autonomous-vehicle systems.
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What happened
Shares of Tesla ( NASDAQ:TSLA) were hit hard on Friday. The electric car maker 's stock fell as much as 7.2%. But as of 12:50 p.m. ET, the stock was down 5.5%.
So what
Likely one big factor sparking a sell-off in growth stocks on Friday was an epic 40% drawdown in shares of e-signature specialist DocuSign ( NASDAQ:DOCU). DocuSign shares were slammed after the company provided a weaker-than-expected outlook for its fourth-quarter revenue.
Now what
While it makes sense for some growth stocks to come down to more reasonable valuations, investors should keep in mind that many growth stocks trade at premiums for good reasons. Tesla, for instance, has seen its vehicle sales surge 87% year over year on a trailing-12-month basis.
What is the risk of investing in open markets?
Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Is Tesla in China?
Well, Tesla has some history with Chinese authorities also. Reuters reported on May 25 that Tesla had set up a local site in China to store car data. A previous story from Reuters on May 21 reported that Tesla cars were barred from some government compounds due to concerns over cameras installed in the Tesla vehicles.
Why is Tesla stock down?
Tesla Stock Moves Lower As Reuters Indicates That The Company Halted Plans To Expand Its Plant In China. Tesla shares opened with a gap down today after Reuters reported that the company had paused plans to expand its Shanghai plant. According to the report, the reason for this decision is the uncertainty related to U.S. – China tensions.
What is Tesla's P/E for 2022?
Earnings estimates for 2021 and 2022 have continued to move higher in recent weeks but Tesla is still trading at 97 forward P /E for 2022. This is an extremely rich valuation which makes Tesla shares dependent on market mood in the near term.
Who is Elon Musk's CEO?
CEO Elon Musk dampened investors' excitement for the electric-vehicle maker's upcoming announcements. Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One.
Does Tesla have a battery?
Analysts see Tesla's battery technology advances as a key point of differentiation with its electric vehicle rivals. However, Musk said Tesla would need to rely more on its current suppliers until it can ramp up its own battery cell production.
Tesla Stock Forecast
TSLA bottomed out at $879 after the release, but in reality it spent very little time down there. This is interesting to us on a technical view as it prints a higher low than Monday's sell-off and puts in place the potential for a bottoming formation. From the 4-hour chart below we can see this price action in play.
Cardano daily transaction volume surges but ADA prices slump
The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari.
AMC Entertainment is banking on another blockbuster in Uncharted
NYSE:AMC has fallen by 32.5% so far in 2022. Uncharted took home the top spot at the box office over President’s Day weekend. AMC Apes are still holding out hope for a short squeeze in 2022.