Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
TESLA needs more money
Tesla, what now?
Its stock dropped in value in premarket trades on Thursday. Increased volatility is expected, hence the downside may give chances to buy this stock cheaper.
Because Tesla plans to offer around $2 bln of common stock to the public (it is hoped to improve the balance sheet and general corporate well-being). More shares – lower portion of each one in the company stock. Hence, the lower the price is for each one.
Is it good?
For those who already own the stock – doesn’t look good for now (they wish the price went straight to $1000 – now they have to wait a bit longer as it slumps to the area of $750). Strategically, however, if that move works out well for Tesla, the shareholders will be eventually happy.
For those who don’t have Tesla stock but want to have it (here comes the propaganda-style picture with a man pointing at you “Have YOU bought Tesla yet?”) – that may be the last train departing.
Don’t miss your train – TRADE TESLA
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
The Chinese e-commerce giant Alibaba will publish its earnings report on February 13, at 14:30 MT time.
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.