Tuesday, January 31, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • ABOUT US
    • Why Fintech Zoom?
    • Fintech Zoom Logo
    • FintechZoom PRO
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • ABOUT US
    • Why Fintech Zoom?
    • Fintech Zoom Logo
    • FintechZoom PRO
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
No Result
View All Result
FintechZoom
No Result
View All Result

Tesla Stock Increased Today +5.93%

James Albert by James Albert
January 9, 2023
in Stocks, Tesla (NASDAQ: TSLA)
0

Home » Tesla Stock Increased Today +5.93%

Today was a good day for Tesla investors, as the Tesla stock prices rose by 5.93%. But what caused this sudden surge in the stock price?

Tesla Inc. is one of the world’s most valuable companies and is well-known for its electric car business. The company has achieved many milestones over the years both in terms of its products and its bottom line. Despite all that, there were still some people who doubted Tesla’s future potential earlier in 2020.

Today, however, those doubts have been put to rest as the stock prices rose significantly across multiple markets. This article will explore the main drivers behind this surprise jump in share prices and whether it could be sustained going forward or not.

Tesla owners in China are demonstrating against the lowered prices since the wait times for delivery are getting longer due to the heightened demand.

It should be taken into consideration that the estimated delivery dates for the two editions of the Model Y have increased as Tesla has made arrangements for an interruption in the production at its Giga Shanghai plant due to the Chinese New Year. The firm has arranged that the manufacturing process will be put on pause starting from January 20th up until January 31st.

RelatedPosts on FintechZoom

Uncovering How the DJIA Dow Jones Industrial Average is Calculated!

Navigating Bearish Sentiment in the Market: Strategies to Help You Succeed!

Mastering the Market: How to Trade in Nasdaq for Maximum Profits!

Looking to Start Investing in 2023? These Are Some Tips for Stock Market Beginners

Today’s Top Nasdaq Gainers: EV Cars Rivian + 10.60% and AMD Processors + 8.81%

Recession is hitting the main Stock Market Companies: 50,000 job cuts. Google announced 12,000

Shares of Tesla (TSLA) are on the rise even though the most important marketplace, China, has a mixed set of news. Over the weekend, reports have surfaced of protests at Tesla showrooms due to the company’s move to reduce its prices on Friday. This was the second price drop in the past three months, meant to increase sales in the competitive Chinese market. As per Reuters, the same price cuts were also implemented in Australia, Japan, and South Korea. Recent buyers of Tesla were asking for rebates and credits for purchases done prior to the announcement of the price cuts.

The Chinese-made Model 3 had a reduction of 13.5%, with a starting price of $33,515, whereas the Model Y had a 10% decrease, starting at $37,899. Many of these owners had bought the cars in order to benefit from the expiring government subsidies for EVs, feeling that they overpaid for the vehicles. Videos of the protests took place in Shanghai, Beijing, and Chengdu, with people shouting “Return the money, refund our cars”.

A Tesla China spokesperson told Reuters that the company will not be providing any relief to the new buyers who had taken delivery before the price cut. Along with the protests, the price cuts also showed an increase in new demand for the vehicles. The delivery waiting time for the rear-wheel drive and long-range versions of the Model Y have been pushed to two to five weeks. Nevertheless, the wait time for the Model 3 and Model Y performance edition remain at one to four weeks. To note, these extended wait times come as Tesla plans to halt production from January 20th to 31st for the Chinese New Year.

James Albert

James Albert

James Albert is a personal-finance analyst for FintechZoom and is based in New York. Contact: [email protected]

Related Posts

Financial stock market | FintechZoom

Uncovering How the DJIA Dow Jones Industrial Average is Calculated!

January 29, 2023
Red Stock Market Chart | FintechZoom

Navigating Bearish Sentiment in the Market: Strategies to Help You Succeed!

January 27, 2023

Mastering the Market: How to Trade in Nasdaq for Maximum Profits!

January 26, 2023

Looking to Start Investing in 2023? These Are Some Tips for Stock Market Beginners

January 25, 2023

Today’s Top Nasdaq Gainers: EV Cars Rivian + 10.60% and AMD Processors + 8.81%

January 23, 2023

Recession is hitting the main Stock Market Companies: 50,000 job cuts. Google announced 12,000

January 20, 2023

SMA20 is now +1.60%, So is Tesla a good stock to buy?

January 19, 2023

Analyzing the Risk and Benefits of Investing in AMD Stock

January 18, 2023

Why Moderna Stock Rose 7.5% After Respiratory Vaccine Results

January 18, 2023
Next Post
Instagram Logo | FintechZoom

Which is Better: Dumpor vs Smihub? Unlock the Answer Now!

NVIDIA-RTX-4000-Series-Mobility-GPUs | FintechZoom

NVIDIA Stock Climbed Today +5.18% at 156.28USD

Asian man on desk with Computer | FintechZoom

What is WPC2027 e-Sabong? A Step-by-Step Guide

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Careers
  • Loans
Call us: + 1 917 9939840

© 2020 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • ABOUT US
    • Why Fintech Zoom?
    • Fintech Zoom Logo
    • FintechZoom PRO
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow

© 2020 FINTECH ZOOM - WORLD FINANCE