Direxion Daily TSLA Bear 1X Shares Declares Quarterly Distribution of $0.13855
Tesla Stock Is Slipping. Here's What's Moving Shares. -- Barrons.com
Express News | Tesla Shares up 2% Premarket; Co Had Its Best Month of 2024 in China
The sudden change in the US stock market! Trillions of dollars in market cap evaporate overnight, and technology stocks face a big test in performance. Should you buy on dips or cut losses in time?
Since the second half of this year, the previously soaring US stocks have suffered frequent setbacks, with increasing uncertainty factors from the fluctuation of interest rate expectations to the unexpected US election, from chip export restrictions to Microsoft's global malfunction. With the peak of the Q2 earnings report approaching this week, the performance of technology giants is starting to be "market-tested", and the market volatility has once again intensified.
Play The Political Angle In The EV Sector With Direxion's 2X Bull And 1X Bear Funds
"Too much, too fast!" UBS Group downgraded Tesla's rating to sell, citing the excessive valuation of non-automotive business.
According to analysis by UBS Group, the core auto business of Tesla is valued at between $60-90 per share, while the non-auto business has an average valuation of approximately $140 per share over the past 2 years, and with recent gains, it is now approaching $175 per share.