Tesla Stock Has Crashed 50% and Investors Just Got Bad News From One of Wall Street's Biggest Bulls
Tesla (NASDAQ: TSLA) stock peaked at $480 per share in December. At the time, Donald Trump had just won the presidential election with tremendous financial support from CEO Elon Musk, and investors were confident the company would benefit from their relationship. But the opposite has happened.
Tesla stock has plummeted 50% from its record high and market share losses have accelerated as Musk’s involvement in politics has created a “brand crisis”
Elon Musk breaks his own Tesla (TSLA) earnings rule in desperate move
Elon Musk is breaking his own rule of not making announcements during Tesla earnings as the CEO appears desperate amid a brand crisis.
Tesla and its CEO, Elon Musk, do not report the most typical earnings.
Earlier in Tesla’s run as a public company, Musk had often been combative with Wall Street analysts.
» Read more about: Elon Musk breaks his own Tesla (TSLA) earnings rule in desperate move »
Read MoreTesla stock tanks over 6% ahead of Tuesday’s earnings as analyst cuts price target
Tesla shares dropped about 6% in early trading Monday to roughly $225, with broader US markets also under pressure.
The Dow fell 454 points, or 1.2%, while the S&P 500 declined 1.4% and the Nasdaq slid 1.8%.
Investors continue to monitor tariffs, protests, and upcoming earnings,
Read MoreYou Can Buy Energy Transfer, but You'd Be Better Off With This High-Yield Stock
In the constellation of energy stocks today, Energy Transfer (NYSE: ET) is a standout, offering investors a lofty 7.7% yield.
» Read more about: You Can Buy Energy Transfer, but You'd Be Better Off With This High-Yield Stock »
Read MoreBank of England May interest rate cut a certainty, financial markets predict
Financial markets have priced in a 100% chance of a Bank of England interest rate cut next month, as the effects of Donald Trump’s evolving trade war continue to play out in the global economy.
LSEG data early on Tuesday had shown an 82% likelihood of a reduction from 4.5% to 4.25% on 8 May.
» Read more about: Bank of England May interest rate cut a certainty, financial markets predict »
Read MoreThe Burst
1,432 Reasons to Buy This Healthcare Cloud Stock
Veeva Systems (NYSE:VEEV), a software solutions provider for the life sciences industry, has seen some weakness amid the slowdown in cloud market demand as organizations cope with macro woes.
While the company saw its shares slumping by around 32% over the past three years,
» Read more about: 1,432 Reasons to Buy This Healthcare Cloud Stock »
Read MoreThe Ivy
Is This High Growth Stock Breaking Out?
Billionaire Stan Druckenmiller was once asked how he thinks about performance and his answer was quite insightful. Most traders might say something like “I aim to make 15% a year” or some other specific figure, but Stan’s answer was I like to “compare myself to the opportunity set” and beat it, meaning whatever the market is doing he likes to ensure he’s generating higher returns,
» Read more about: Is This High Growth Stock Breaking Out? »
Read MoreThe Spotlight
1 Dividend Aristocrat To Be Wary Of
Residential real estate investment trust (REIT) Essex Property Trust, Inc. (NYSE:ESS) operates in West Coast markets, primarily acquiring, developing, and managing multifamily residential properties. It has a portfolio of more than 60,000 apartment units, primarily located in California and Seattle.
Founded in 1971 and going public in 1994,