11/14/2022 0 Comments Anchor podcast maker on pc![]() On the flipside, there are more cautious investors, who say the stock has several hurdles to navigate before finding a clear runway. Mom-and-pop traders were also big buyers, with nearly $540 million in net purchases over the past five trading days, Vanda Research said. The growth-stock guru, whose funds have been hit hard this year amid soaring inflation and rising interest rates, snapped up shares worth about $32 million on Monday. The Twitter deal comes with the possibility that Musk will be forced to sell Tesla shares to finance the deal.įor ardent Tesla fans like ARK Investment Management’s Cathie Wood, the selloff offers a chance to buy more of the stock at its cheapest price in months. It has been battered by the one-two punch of disappointing quarterly deliveries and Chief Executive Officer Elon Musk’s surprise decision to revive his offer to buy social-media platform Twitter Inc. Tesla was by far the biggest weight on the S&P this week, knocking about 13 points off the index. Meanwhile, the S&P 500 Index recorded its best week in a month, closing up 1.5% on the strength of powerful rallies last Monday and Tuesday. Tesla’s stock has plunged 16% over the five sessions, marking its worst week since March 2020’s Covid-stricken market selloff. Russia Races to Reopen Crimea Bridge Damaged in Fiery Blast Putin Threatens More Strikes on Ukraine After Missile BlitzĮight Years of Combat Hardened Ukraine’s Army Into a Fighting Force Ukraine Latest: Putin Calls Security Meeting, Comments on Bridge (Bloomberg) - For all the stock market gyrations last week, one company’s performance stands out beyond all others: Tesla Inc. ![]()
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