More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
Tesla surpassed $1000
2020-06-30 • Updated
A leaked email from Elon Musk states: Tesla may avoid loses in the second quarter. If he is right, the company will be included in the S&P 500.
“Breaking even is looking super tight,” CEO Elon Musk wrote to the Tesla stuff. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”
The Tesla stock price rose by 141% during this year. The tech giant even outrun its main rival Toyota and became the world’s most valuable carmaker. Its market cap reached 183 billion dollars.
Tesla bet all estimates, when reported profits for the first quarter of the year. Now, analysts again anticipate that the company will lose 2 dollars per share as the automaker stopped production for almost two months amid the coronavirus pandemic. Maybe this time they are wrong again as the company has a lot of tools to reach its goal. For example, Elon Musk may cut expenses and boost sales. Stakes are really high. The upcoming inclusion in the S&P 500 will add the support to the company.
The Tesla stock is moving upward. It may meet the resistance at the recent high of June 10 at $1,025. It has hugely exceeded pre-virus levels. Nevertheless, if some negative factors weigh on the stock, it may dip down to $960. The next support will be at $915. Follow further news!
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Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.