Sadly, Tesla stock isn't reaping any gains from today's positive developments. Instead, its stock is continuing to crumble along with the rest of the growth stocks on fears the Federal Reserve's planned interest rate hikes will kill the bull market in stocks. It just goes to show: Sometimes, you can't fight the Fed -- going up or going down.
Full Answer
Should you buy TSLA stock?
1 day ago · Why Tesla Stock Was Riding High This Morning. ... Why AT&T Stock Fell Hard Today. 3 of the Smartest Stocks to Buy in a Fed-Induced Bear Market. Get Started Now. Premium Investing Services.
When will Tesla stock drop?
Mar 31, 2022 · Learn about the media sentiment score. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. TSLA.
Will Tesla stock go down?
The reasons are many including Tesla's recent problems involving crashes on autopilot, quality control issues including seat belt recalls, phantom braking, expansive PE …
Is another Tesla stock split on the cards?
Jan 28, 2022 · Tesla stock has been falling since the company announced it would be laying off 9% of its workforce. It’s been a rough year for Tesla. In June, CEO Elon Musk was forced to step down as chairman of the company after his erratic behavior led to a Securities and Exchange Commission investigation. The next month, the electric car maker announced that it would be …
What happened
Shares of Tesla (NASDAQ: TSLA) have been on a roll recently with a 20% gain over the last three weeks. But some investors are trimming their positions today. The stock dropped about 6.5% early Tuesday, and shares remained down 4.8% as of noon ET.
So what
While today's dip might be profit-taking on the back of recent gains, there were two catalysts that likely initiated the decline.
Now what
China has been an important market for Tesla, and a controversial announcement may have made some investors skittish today, too. The company opened a new sales and service center for its EVs in China's Xinjiang region. The company announced it on Chinese social media, and it was reported by CNBC.
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