Elon Musk is known for his controversial tweets. Now he has answered ‘lol’ to the question about the soaring price of Tesla (TSLA) stock.
Even despite yesterday’s fall in TSLA stock price, Tesla’s market cap is still higher than the combined capitalization of 5 major automakers.
According to the International Air Transport Association (IATA), airlines worldwide are expected to lose $84.3 billion this year because of the COVID-19 pandemic.
As most stocks turned red yesterday, Apple (AAPL) stock closed the day with a 4.80% loss. Meanwhile, the company revealed the lineup for its WWDC20 that will take place virtually from June 22 to 26.
In a recent market rally, bank stocks were the biggest winners. But as investors are worried about the uncertainty around how much the economic decline will affect loans, bank stocks will not rebound as fast as shares of other sectors.
Moderna (MRNA) stock price is climbing to its ATH of $69 again. Currently, the shares are trading at around $63.
The Dow futures have lost over 800 points today, meanwhile, Amazon (AMZN) stock is in the green now.
Despite an important announcement of volume production of the Semi trucks, Tesla (TSLA) stock is down today after hitting $1000.
NetEase shares have had a good day in Hong Kong already as the company has successfully listed on the Hong Kong stock exchange. Shares closed 6% higher on the first day of trading.
In a deal worth $7.3 billion, Just Eat Takeaway.com will acquire Grubhub. This comes after Uber has pulled out of merger talks due to antitrust concerns.
Ford (F) stock plunged on Wednesday. It ended 6% down, at $6.81 per share. In the pre-market today, Ford shares are down as well.
Following the decision of the Federal Reserve not to change the interest rate, Dow Jones and S&P 500 experienced consecutive losses. Other market indicators got a boost to show different market response.
American mutual fund manager and investor Ronald Stephen Baron believes there is more room for Tesla shares to rise in the next few years. Today TSLA stock price has hit $1,000.
Chewy has revealed a better than expected earnings report. Will CHWY stock price rise to new highs?
Yesterday Facebook stock was close to hitting its ATH. Today FB shares are slightly down, however, experts believe that the price may increase soon.