Home » News » Tesla shares set record price drop

Tesla shares set record price drop

Tesla’s car stock fell after a six-day growth, Bloomberg reports. At 13.21 Moscow time, Tesla quotes on the NASDAQ exchange fell to $ 704.11 per share – by 21% compared to the previous day. A record drop per day offset the price increase over the past two days, Bloomberg draws attention.

– –

The fall in prices came amid concerns about the spread of coronavirus in China. Analysts at Cannaccord Genuity, quoted by the publication, recommended not to perform operations with shares: strategists note that the epidemiological situation threatens the regular operation of the Tesla plant in Shanghai.

– –

Tesla securities began to rise in price after the publication of successful financial indicators for the III quarter of 2019, the growth was supported by data for the IV quarter and for 2019 as a whole. The company announced that it had launched the Model Y car and is preparing to ship it to customers by the end of Q1 2020. On February 4, Tesla’s market capitalization exceeded $ 140 billion, making it the second-largest car manufacturer.

– – .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.