Financial Industry News
Tesla is shining in the middle of a pandemic, recording high sales, and strengthening its presence in the Chinese market. Analysts warn that the electric car market’s bubble is imploding, expressing concerns about its sustainability. The sentiment around TSLA remains optimistic, as it remains relatively stable in comparison to other carmakers. Tesla stock (NASDAQ:TSLA) has […]
Continue ReadingThe number of Tiziana Life Sciences’ investors on Robinhood increased by almost double Tesla’s number. There’s speculation that the biotech firm’s stock ticker symbol is being confused with Tesla’s. One Tesla share costs over 200 times the price of a Tiziana share. The stock of biotech firm Tiziana Life Sciences (NASDAQ:TLSA) was the second-most purchased […]
Continue ReadingBernstein downgraded Tesla’s stock to underperform. The Wall Street firm maintains a price target on the stock that implies a reckoning is coming. The analyst still warns investors that shorting TSLA is as dangerous as stepping in front of a freight train. Even after careening from its all-time highs, Tesla stock (NASDAQ: TSLA) is still […]
Continue ReadingElon Musk’s cavalier attitude toward shareholders is evident in his behavior on Twitter. Tesla’s rally has been spurred on by a short squeeze. Any way you slice it, TSLA stock looks overvalued. Tesla (NASDAQ:TSLA) CEO Elon Musk rivals Donald Trump as the most ridiculous Twitter user. The eccentric CEO has a love-hate relationship with the […]
Continue ReadingTesla stock has plunged more than 20% from its highs this week. Even as Wall Street analysts warned about the bizarre disconnect between share price and fundamentals, Robinhood traders went all-in. They’re about to learn the hard way about the counterintuitive effects of a “short squeeze” and the inevitability of mean reversion. After doubling its […]
Continue ReadingWhen asked about Tesla stock Thursday, the SEC Chair said, “I do worry.” TSLA has more than doubled in price since CEO Elon Musk called it overvalued on May 1. Retail investors can’t get enough of it, even though a fundamental analysis strongly indicates what they’re doing is crazy. The Securities and Exchange Commission’s (SEC) […]
Continue ReadingTesla made history by posting a profit for the fourth consecutive quarter. Regulatory credit revenues rose as sales from the core business fell. The stock continues to defy gravity. Tesla (NASDAQ:TSLA) may finally join the S&P 500 Index courtesy of the latest quarterly results. On Wednesday, the electric vehicle (EV) maker posted a net income […]
Continue ReadingDow Jones Industrial Average (DJIA) futures roared 107 points higher on Thursday. Microsoft and Tesla smashed earnings expectations last night, proving this tech rally has foundations. New tensions between the US and China could bring volatility today. So much for the cries of ‘dot-com bubble.’ Microsoft (NASDAQ: MSFT) beat earnings expectations last night, proving to […]
Continue ReadingTesla reached four consecutive quarters of profitability, which means it is now eligible for the S&P 500 index. Wedbush Securities executive Dan Ives says a $2,000 bull case for the carmaker is now likely. China is considered as a constant catalyst for the stock in the upcoming months. In the second quarter of 2020, Tesla […]
Continue ReadingIt just got 95% cheaper to “reserve” a Tesla vehicle in China. The electric carmaker already cut prices on its Chinese-made Model 3 to qualify for government subsidies. Demand for Tesla’s cars may not be as strong as previously thought, according to one analyst. It’s just become a whole lot easier to pretend like you […]
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