Attachment 13697
And today we go the other way - probably result of the Fed being more hawkish in its rhetoric which took the NASDAQ down just over 2% today...
Printable View
Attachment 13697
And today we go the other way - probably result of the Fed being more hawkish in its rhetoric which took the NASDAQ down just over 2% today...
This has the potential to be brutal imo. Pre-market trading at 991 and while the pre-market can sometimes be nothing, trading below 1000 is notable.
Yes it was, closed at 975.93 (-4.83%) - previous close 1025.49
Nasdaq and other major markets down as well
Shanghai factory still closed
10 year US Treasury yield near 3 year high - key inflation data expected Tuesday
Volumes have been lightening up a lot and that is not a good sign. The moves that have been occurring have been on thin volume which suggests that the instos aren't playing just traders and private clients. I have heard that retail interest is waning across the board, in the US, Aust and here. Maybe the interest rate rises are real to them at home with the mortgage, who knows. But imo Musk talking about getting into lithium mining is bad news and shows a lack of coherent strategy. The new EV launches are now coming thick and fast. I pointed out last year Tesla's lack of competitive response was and still is a problem. I am not talking this thing down it is just my view.
Attachment 13719
Closed yesterday at 975.93 but premarket trading this morning bought it all the way up to 997.64
Hit its high soon after opening at 1021.19
Closed at 986.95
Slight increase in volume...
(Managed a very quick day trade - certainly not game to do anything else in current climate :)))
Attachment 13720
Longer term view
Volume last night is the same issue. 75% of normal daily avg. No insto participation. When it has broken levels before the volume has been large. Also look at bitcoin, GME etc, the retail volume has really dropped. Now it reminds me of the retail surge in 85-87. Now I wasn't in the business then but not that long after. No when retail ran in 87-89 there wasn't anyone there. This current situation reminds me of that.
Musk has put in a bid for the rest of Twitter…
Expected to report earnings on Wed 20/04/2022 after market close. According to Zacks Investment Research, based on 6 analysts' forecasts, the consensus EPS forecast for the quarter is $1.64. EPS for the same quarter last year was $0.39.
I think events have taken over the Q1 result. Eyes will be on q2, Shanghai shutdown, the cost pressures and does he need to sell to pay for Twitter. The US rules are tough in that regard. Don't you get the feeling he does something bold to take the focus off things elsewhere? I do. The Jan and Feb sales of other EVs also not great for Tesla. Chinese manufacturers are very strong. Hyundai, VW making inroads and that Mercedes just got to 1000kms on one charge.