EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Forex News

Tesla Stock Underperforms Nasdaq at Monday Open

Admin by Admin
August 29, 2022
in Forex News
0
Tesla stock
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Tesla stock is underperforming the Nasdaq to start the week. While the growth-focused index is down 0.23% one hour into Monday’s session, Tesla shares are off 0.8% at $285.79. Tesla’s 3-for-1 stock split does not seem to be working.

The EV stock outperformed the Nasdaq on Friday, but that same verve does not appear to be making an appearance on Monday morning. Shares have traded as low as $281.70 and as high as $287.74 in the session. The volume appears slightly above average so far.

Tesla’s (TSLA) stock fell on Friday in line with the broad equity market sell-off. Jay Powell turned extra hawkish on equities and did the job of taking out any remaining bulls. Tesla with its larger retail following was always likely to be a holdout, so it proved on Friday by it outperforming a stumbling Nasdaq.

The index lost 4%, while Tesla only sold off less than 3%. This may have had something to do wit the 3:1 stock split, which always appeals to human emotions.

The more negative read-through is the continued slide into the close for all equities and Tesla. The stock opened at $297.40 and even staged a brief rally but was quickly rejected. From there it was one-way traffic to the sell side with Tesla closing at more or less the low of the day. This usually leads to follow on selling in the next session.

Tesla is down over 2% in Monday’s premarket, so it looks like this particular trend is holding for now. The inflation reduction act may have given a kicker to green energy and EV stocks, but despite this we see too many headwinds in the form of a general market sell-off.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

USD/JPY to Reach Over 2 Decades High at 147.65

Next Post

CME Group Launches Euro Based Bitcoin & Ethereum Euro Futures

Admin

Admin

Next Post
bitcoin,crypto assets added to the guinness world record

CME Group Launches Euro Based Bitcoin & Ethereum Euro Futures

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>