Shares of Tesla dropped 6.09% to $696.80 at 13:36 EST on Thursday, following last session’s upward trend. NASDAQ Composite is falling 2.45% to $13,264.15, following last session’s upward trend, This seems, as yet, an all-around rough trend trading session today.
Tesla’s last close was $742.02, 29.22% under its 52-week high of $900.40.
News about Tesla today
Tesla temporarily halts production at model 3 line in California. According to today’s article on Bloomberg Quint, “Hitting maximum deliveries is crucial for Tesla in order for Chief Executive Officer Elon Musk to meet his ambitious goal of selling 20 million cars a year by 2030. “, “When considering Tesla had excess inventory in the fourth quarter of 2020, and has never been able to sell-out its production capacity, we see the company as currently demand constrained, rather than production constrained,” GLJ Research LLC founder Gordon Johnson wrote in a note earlier this week.”
Saudi wealth fund’s lucid windfall will make up for Tesla exit. According to today’s article on Bloomberg Quint, “The result is a boost for the $400 billion Public Investment Fund after missing out on an epic rally in Tesla Inc. shares when it sold much of its 5% stake in the industry leader at the end of 2019.”
Tesla has reportedly temporarily halted production on its model 3 line in California. According to today’s article on Fintech Zoom, “The report did not clarify the reason for the halt and Tesla could not be immediately reached for comment.”, “It was also unclear how much volume or revenue Tesla would lose due to the production halt. “
Tesla’s sales growth is 66.2% for the present quarter and 83.6% for the next. The company’s growth estimates for the current quarter and the next is 230.4% and 111.4%, respectively.
Year-on-year quarterly revenue growth grew by 45.5%, now sitting on 31.54B for the twelve trailing months.
Tesla’s last day, last week, and last month’s average volatility was 6.18%, 3.98%, and 2.69%, respectively.
Tesla’s last day, last week, and last month’s high and low average amplitude percentage was 7.32%, 7.14%, and 4.85%, respectively.
Tesla’s Stock Yearly Top and Bottom Value
Tesla’s stock is valued at $696.80 at 13:36 EST, way under its 52-week high of $900.40 and way above its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s worth is way under its 50-day moving average of $823.98 and way above its 200-day moving average of $562.12.
Previous days news about Tesla
Forget Bitcoin or Tesla. muni bonds are the king of costly.. According to Bloomberg Quint on Monday, 22 February, “It’s certainly fair to argue that Bitcoin isn’t worth more than $50,000, or that shares of Tesla Inc. shouldn’t be trading at more than1,000 times earnings.”
BMW CEO doubts Tesla can easily continue growing as quickly. According to Bloomberg Quint on Monday, 22 February, “It won’t be easy for Tesla to continue at that speed because the rest of the industry is moving ahead big time,” BMW AG Chief Executive Officer Oliver Zipse said Monday during the DLD All Stars tech conference.”, “BMW’s larger peer Volkswagen AG may not be far off from eclipsing Elon Musk’s Tesla this year. “
The moneyist: i’m 28, have zero debt, a 401(k), roth IRA and $45k in the bank. my parents want me to save for a home. I want a Tesla model 3. who’s right?. According to MarketWatch on Tuesday, 23 February, “And as nice as they are to drive and to be seen driving, you don’t need a Tesla to achieve that.”
Elon Musk’s wealth tumbles by $15 billion after Tesla shares dropped 9% in one day. According to Fintech Zoom on Tuesday, 23 February, “Bezos occupied the top spot for three consecutive years until January, until Musk took over following a near-800% rally in the value of Tesla shares.”
Tesla shares fall below S&P 500 entry level in premarket trade. According to MarketWatch on Tuesday, 23 February, “Electric vehicle maker Tesla was trading at $692.13 in early premarket action on Tuesday — below the $695 it closed at before entering the S&P 500 . “, “If Tesla were to close at that level, it will have dropped more than 20% from its Feb. 2 peak. “
Tesla sinks below the price at which it entered S&P 500 index. According to Bloomberg Quint on Tuesday, 23 February, “The concerns over the value of the cryptocurrency helped erase some of Bitcoin’s gains, which had rocketed to new highs after Tesla announced two weeks ago it added $1.5 billion in Bitcoin to its balance sheet.”
Bmw’s CEO says Tesla will struggle to maintain its rapid growth because of mounting competition among electric-car makers. According to Fintech Zoom on Tuesday, 23 February, “It won’t be easy for Tesla to continue at that speed because the rest of the industry is moving ahead big time,” BMW CEO Oliver Zipse said at the DLD All Stars conference Monday.”, “The country, where Tesla began delivering Shanghai-made Model Y vehicles in January, is the “heart and lungs” of Tesla’s demand growth story, he said.”
Tesla stock tumbles deep into bear-market territory. According to MarketWatch on Tuesday, 23 February, “Shares of Tesla Inc. tumbled 10.5% to $640.00 in morning trading Tuesday, and have now plunged 27.5% from their record close, to put them on track to suffer their second bear market in less than six months. “
Tesla swoons as tech stock rout deepens. According to The Wall Street Journal on Tuesday, 23 February, “The late February tech-stock rout deepened Tuesday, with the Nasdaq Composite Index falling 3% and Tesla Inc. tumbling as much as 12% as rising interest rates prompt a broad re-evaluation of investor growth expectations.”
Tesla stock is dropping Tuesday, likely related to its big Bitcoin bet. According to MarketWatch on Tuesday, 23 February, “However, perception is reality on the Street and by Musk and Tesla aggressivelyembracing bitcoin (from a transactional perspective as well), investors are startingto tie bitcoin and Tesla at the hip,” Ives said.”, “While Tesla on paper made roughly a $1 billion on bitcoin in a month that exceeded all its EV profits from 2020, the recent 48-hour sell off in bitcoin and added volatility has driven some investors to the exits,” he said. “
Cathie wood buys the 13% dip in Tesla as ARKK slips again. According to Bloomberg Quint on Tuesday, 23 February, “The superstar head of Ark Investment Management snatched up Tesla Inc. after a fourth day of selling wiped out the electric-car maker’s gain for the year, she said in an interview on Bloomberg Radio. “
Tesla stock performance and wallstreetbets mentions have A ‘real’ connection: barclays. According to Fintech Zoom on Wednesday, 24 February, “Why It Matters: Many Tesla investors ascribe any negative news related to the company as the work of short-sellers, noted Gizmodo.”, “price Action: Tesla shares rose nearly 2.5% in the after-hours session to $716.50 on Tuesday after closing the regular session 2.19% lower at $698.84. “
Tesla plunge spreads to China rivals as EV tycoons’ wealth sinks. According to Bloomberg Quint on Wednesday, 24 February, “The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.”, “The slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car maker entered the S&P 500 Index in December.”
Tesla shares rally in premarket trading on ‘buy the dip’ bounce. According to Bloomberg Quint on Wednesday, 24 February, “Shares in Tesla Inc. gained in U.S. premarket trading, indicating that investors are buying the dip following a four-day drop that erased the electric-car maker’s year-to-date gains.”, “Cathie Wood’s Ark Investment Management was among investors who bought the weakness in Tesla shares, she said in an interview on Bloomberg Radio. “