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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!
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!
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
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