(VIANEWS) – Tesla stock (TSLA), lost ground Monday due to the decline in power of the recent equity rally. This led to a loss of ground for most mega-cap tech names and other high-tech companies. Tesla was not behind and lost 1.1% on Monday, but had already doubled its losses by the end of the second day.
FXStreet confirmed that there are concerns about what the Fed might say at the Jackson Hole Symposium. This has led risk assets to be parked while yields have slightly risen. Fed funds futures also indicated a slight increase in the possibility of another 75 basis points hike in September.
Shares of Tesla (NASDAQ: TSLA) fell by a staggering 61.95% in 30 days from $772.93 to $294.10 at 12:19 EST on Thursday, after two successive sessions in a row of gains. NASDAQ is rising 0.91% to $12,544.38, following the last session’s upward trend.
Tesla’s last close was $891.29, 28.32% under its 52-week high of $1,243.49.
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
Today’s last reported volume for Tesla is 32755547 which is 10.91% above its average volume of 29531377.
The company’s growth estimates for the ongoing quarter and the next is 65.6% and 43.7%, respectively.
Year-on-year quarterly revenue growth grew by 41.6%, now sitting on 67.17B for the twelve trailing months.
Tesla’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.49%, a positive 0.54%, and a positive 3.02%, respectively.
Tesla’s highest amplitude of average volatility was 1.73% (last week), 2.49% (last month), and 3.02% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Tesla’s stock is considered to be oversold (<=20).
Tesla’s Stock Yearly Top and Bottom Value
Tesla’s stock is valued at $294.10 at 12:25 EST, way below its 52-week low of $620.57.
Tesla’s Moving Average
Tesla’s worth is way below its 50-day moving average of $777.60 and way under its 200-day moving average of $903.92.
Previous days news about Tesla (TSLA)
- Price of Tesla ‘full self-driving’ feature rising to $15,000: Elon Musk. According to MarketWatch on Monday, 22 August, “Elon Musk on Sunday announced the price of Tesla Inc.’s “Full Self-Driving” feature will rise by 25% next month, from $12,000 to $15,000.”, “After wide release of FSD Beta 10.69.2, price of FSD will rise to $15k in North America on September 5th,” the Tesla chief executive said have surged 34% over the past three months, but are still down 16% year to date. “
- Tesla stock news and forecast: TSLA stock soon to break below $300. According to FXStreet on Tuesday, 23 August, “Do no forget the 3-for-1 Tesla stock split on August 25 either means that Tesla will trade somewhere below $300.”
More news about Tesla (TSLA).