The course of the Tesla action (TSLA) fell clearly this week, erasing the gains of the past month. How to explain it and it will last?
Tesla's action at half mast this week
Yesterday, TSLA action experienced a brutal dive: it lost almost 8 % in 24 hours. This led the capitalization of the Tesla company under the symbolic threshold of $ 1,000 billion.
From a higher than $ 490 last December last, The action has lost 39 % and currently exchange around 300 dollars ::
The course of the TSLA action has been offset since the middle of the month
Several elements can explain these difficulties. On the one hand, Tesla car sales are in free fall in Europe45 % over a year according to the last results of the company.
This division by two seems to be explained in large part by Elon Musk's positions in the United Stateswhich led to calls for boycott across the Atlantic, but also in Europe.
💡 Our guide to buy Tesla actions (TSLA)
Another element having an influence: Updating automatic driver software in Chinato take into account the routes of the Tesla in town. These would not be sufficiently efficient, according to several reports of local drivers.
Between musk escapades and Tesla models, The company therefore trips on the stock market. Will it last? It is possible, so much Elon Musk is visible on the international scene at the moment.
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Source: TradingView, Reuters
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Journalist at Cryptoast since 2017, I have been passionate about the challenges of decentralization, privacy and regulation. I specialized in the economy and traditional finance by analyzing how the news in this sector influence that of cryptocurrencies, thus offering a unique and enlightened perspective to cryptoast readers.
Marine Debellor
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