Watch These Tesla Price Levels as Stock Plunges to Pre-Election Levels
Tesla Shares Have Fallen 55% From Their Record High in Mid-December
Tesla Shares Have Fallen 55% From Their Record High in Mid-December
SINGAPORE (Reuters) -Asian stocks fell sharply on Tuesday as a market selloff extended on mounting worries that a wide-ranging trade war could dent U.S. economic growth and lead to a recession, sending skittish investors to the safe-haven Japanese yen. Investor concerns about the potential economic slowdown were exacerbated after President Donald Trump in a Fox News interview talked about a "period of transition" while declining to predict whether his tariffs would result in a U.S. recession.
SINGAPORE (Reuters) -Citi analysts cut their recommendation for U.S. stocks to "neutral" from "overweight" on Monday after recession fears pummelled the market, arguing that the U.S. economy may no longer outpace the rest of the world in the coming months. At the same time, they upgraded their view on China to "overweight" from "neutral".
Morgan Stanley has been one of the most bearish firms on Wall Street, and it's been proven right lately.
Elon Musk's net worth fell by $29 billion on Monday. Tesla's stock free fall has some investors concerned about the CEO's focus.
The president and his economic officials have indicated they are willing to endure short-term pain to reshape America’s economy.
Buybacks have historically been an ace in the hole for companies looking to generate stock gains during lean times.
Elon Musk said in an interview that running his businesses while working with the White House has not been easy. Tesla stock declined 15% on Monday.
Delta stock tumbled Monday night as the company warned a "recent reduction in consumer and corporate confidence caused by increased macro uncertainty" will drive weaker sales in the current quarter.
(Bloomberg) -- What had been a steady pullback from the US stock market accelerated sharply Monday as investors retreated from virtually every type of risk and economic fear raced across Wall Street.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ o