TSLA Today - Jul 13: Tough Day for Tesla
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So, here’s the scoop. TSLA started the day looking pretty normal but ended up getting smoked. It was down nearly twelve bucks by the end of trading. There wasn’t a ton of volume either, way below the average. Just a slow bleed all day long.
Now, why did this happen? Well, a few things came into play. First off, Elon Musk dropped some not-so-great news after hours. He admitted that the hardware just doesn’t have the chops to drive full autonomy yet. That’s a big deal for a company that’s all about the future of driving. Investors didn’t take it lightly, and you could see them hitting that sell button pretty fast.
On top of that, there’s chatter about predictions for the stock after July 22. Some analysts are trying to guess where it’ll go next, but honestly, it feels a bit like a guessing game right now. Jefferies did raise their price target to 400 bucks, which sounds nice, but it’s still not enough to lift the mood.
And let’s not forget, there are articles floating around talking about how the real price of Tesla stock might take years to figure out. That’s a long wait for anyone holding shares, right? It’s like waiting for your pizza to arrive when you’re starving.
One thing worth knowing is that there’s a lot of focus on the upcoming earnings report and how that might shake things up. So, keep an eye out for that if you’re into this stock.
Alright, that’s a wrap for today! Just remember, I’m here to keep you in the loop, not to give you financial advice. Always do your own homework, and I’ll catch you next time!
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