Tesla is severely punished on the New York Stock Exchange

One minute after trading on the New York Stock Exchange, the Nasdaq index has fallen 0.2 percent and stands at 10,943.90 points while the Dow Jones stands at 27,406.18 points after a rise of 0.4 percent.

Tesla

On Tuesday, Tesla fell 5.4 percent despite the fact that great news was expected at the company’s “Battery day”. Tesla CEO Elon Musk made it clear on Twitter that “some technologies will not reach a high mass-produced volume until 2022”.

Shortly after trading took place on Wednesday, the stock fell another 4.9 percent to $ 403.56.

Updated at 15:54: The stock has now fallen 6.6 percent to 396.27 dollars.

Covid-19

“Even though the mood on Wall Street was good yesterday, the uncertainty among investors is still great due to the unresolved Covid-19 situation. As long as infection rates increase, unemployment around the world will remain at historically high levels “, Roger Berntsen writes in an update from Nordnet.

He believes it is in the cards that the big fluctuations on the world’s stock markets will not go away immediately.

Ingvild Borgen Gjerde in DNB Markets sees several signs that risk appetite among investors did not recover in line with the rise in equities in the US yesterday, including that interest rates on US government bonds continued to tick down, and that the US dollar continued to strengthen.

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