By Staff Reporters
HAPPY EASTER
***
***
Tesla had a rough quarter
The company’s stock was the worst performing in the S&P 500 in Q1, dropping 29%, amid fierce competition from Chinese electric carmakers, slowdowns from Red Sea shipping routes, arson at its German factory, Nordic labor battles, and controversies surrounding CEO Elon Musk.
Now, investors are warily watching to see what delivery numbers Tesla reports. But one group did make lots of money off the company as it lost over $230 billion in value last quarter: short sellers.
CITE: https://www.r2library.com/Resource
Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 as Trump fans and opportunistic traders bought up shares. But the price faded late in the session and has bounced along at lower levels ever since, ending Thursday down $4.26 at $61.96 on the NASDAQ. The stock exchange was closed Friday in observance of Good Friday.
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Alternative Investments, Financial Planning, Investing | Tagged: DJT, Easter, elon musk, Good Friday, musk, NASDAQ, short sales, ster, Tesla, tesla stock | Leave a comment »
















