Financial news and actionable analysis
Tesla shares were 20% lower yesterday after the stock failed to achieve a listing on the S&P500. Tech stocks are also reeling from the latest news regarding the Japanese investment firm Softbank. In an article last week I said that Tesla stocks, "could drop another 15-20%".
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The pair is now threatening to break out from the descending channel as the day’s candle tests the 0.91533 resistance (18 August high). A break above this level confirms the channel break and puts the pair on the path towards 0.92264, with 5/12 March lows at 0.93126 forming an additional...
The Tesla share price has started a technical correction after weeks of extremely bullish behaviour. The company started trading after its 5:1 stock split on Monday and quickly announced a $5bn share sale a day later. This share sale marked the top in the price above the $500 level and […]
The Nasdaq 100 is witnessing a considerable selloff this Thursday after technology stocks plunged. The Nasdaq 100 is now trading at 11,837.5 as some of the biggest companies in the technology sector are tanking. Stocks like Apple and Tesla are among those being pounded by sellers. Tesla is down for […]
Tesla was 4% lower in the U.S. trading session after announcing an “At the Market” sale of $5bn worth of stock. The company is obviously taken advantage of the big run-up in the company’s valuation and the carmaker stated that it was planning to use the proceeds, “to further strengthen […]
Tesla share price is on everybody’s lips these days. It continues to surge, starting the month of September on a tear higher. At the current valuation, Tesla breaks some levels worth mentioning. It officially passed Visa in market capitalization, despite Tesla generating only $0.4 billion in net income when compared […]
The Tesla share price will begin Monday’s trading session as a $400 stock once more as the company completes a 5:1 stock split. Investors in the company at the cutoff date of August 28th will receive 5 shares for every 1 they held. The stock split marks another milestone for […]
The TESLA share price is testing the resistance of a channel formation as the company’s stock is set for a split at month end. The stock will split 5:1 on the 31st of August and shareholders in TESLA will receive 5 new shares for every 1 they held after this […]
Tesla share price rose above the $2,000 for the first time last Friday. Investors seem to not care about the fact that at the current market price the company trades at more than a thousand times its earnings. Moreover, the Tesla share price doubled in only a few months. It […]
