Why is Tesla stock currently doing so well?
Twitter users said Elon Musk should sell 10% of his Tesla Inc. stock after the billionaire chief executive polled them and pledged to abide by the outcome of the vote. Voters backed the share sale by a wide margin, with roughly 58% in favor of a sale and ...
Why do people keep shorting Tesla stock?
Tesla is the most shorted stock right now, there's tons of money invested in stock prices falling, so the fact that the stock prices keep climbing makes those shorters hate their life choices. Ignorant people will always resist change, they'll do that for free.
Why everyone should sell Tesla stock now?
Tesla doesn't need to do that. In addition to cars, meanwhile, Tesla also has its hand in solar power and battery technology. So there are more avenues for growth as renewable power technology comes to the masses, and it has a very loyal customer base it can sell other products to.
Why I decided to buy into Tesla stock?
The first reason to buy the dip in TSLA stock is because the catalyst for recent weakness — a sharp rise in the 10-Year Treasury yield — is overblown. The benchmark 10-Year Treasury yield has risen sharply in February. It has gained almost 50 basis points. That’s a historically fast upswing in yields.
What happened
On Wednesday, Jan. 26, Tesla ( TSLA 4.81% ) will report its Q4 earnings for fiscal year 2021 -- so the fact that Tesla stock is falling today doesn't portend particularly well. As of 11 a.m. ET, Tesla stock is trading down 2.5% -- about five times worse than the decline on the broader Nasdaq index.
So what
Why Tesla stock is down isn't immediately clear. The latest read on the company's earnings from Wall Street, after all, was rather positive. Yesterday, Jefferies & Co.
Now what
Congress may not stop at mere scolding. In a letter to Tesla, the subcommittee chairmen requested that Tesla advise if it sources any car parts from Xinjiang. If all Tesla is doing is selling cars in the province, it might be bad press for the company, but Tesla isn't necessarily doing anything wrong.
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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.
