Investors beware… Tesla is slumping to a two-year low

Published

3 years ago

July 2, 2021

In worrying signs for investors, Tesla Inc shares have fallen to their lowest levels since June 2019.

Analysts are concerned the EV manufacturer is approaching a technical level that indicates the strong possibility of further future losses.

The poor stock performance in recent times is also coupled with the stock being on the verge of a “death cross”.

A death cross is when “a security’s average price over the last 50 days falls below its 200-day moving average”.

SHANGHAI, Oct. 19, 2020 — Photo taken on Oct. 19, 2020 shows the Tesla China-made Model 3 vehicles which will be exported to Europe at Waigaoqiao port in Shanghai, east China, Oct. 19, 2020. U.S. carmaker Tesla announced on Monday that it would export the made-in-China Model 3 to Europe, marking another important milestone for its Shanghai Gigafactory. The first batch of exported sedans will leave Shanghai next Tuesday and arrive at the port of Zeebrugge in Belgium at the end of November before being sold in European countries, including Germany, France, Italy, Spain, Portugal, and Switzerland. (Photo by Wang Xiang/Xinhua via Getty) (Xinhua/Wang Xiang via Getty Images)

This is often viewed by analysts as a sign that share prices will continue to fall.

Tesla’s shares last suffered from this trading pattern back in 2019, which saw a 40 per cent decline in the company’s share price.

The mounting pressure on Government spends

Published

9 hours ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

Money

Will Australia’s foreign investment rule create an economic boost?

Published

5 days ago

May 8, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Money

Research key to investment success

Published

1 week ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money