Tesla Stock Is Falling. China Is the Reason? Tesla stock is limping over the finish line this week. China is the most likely reason. $Tesla Motors(TSLA)$ Shares were down 3.2% in late trading Friday, while the $S&P 500(.SPX)$ was off 0.2% and the $NASDAQ(.IXIC)$ rose about 0.1%. From June through August, Tesla sold about 13,000 EVs a week to Chinese car buyers. September sales have dropped to about 9,000 a week, according to insurance registration data collected by Citi analyst Jeff Chung. Fewer retail deliveries in China will make it difficult for Tesla
Options Market Statistics: Wall Street Anticipates Positive Earnings from Nvidia, Options Pop $Tesla Motors(TSLA)$ shares fell by 4.23%, closing at $244.88. Its options trading volume is 3.09 million. Call contracts account for 53.7% of the whole trading volume. The most traded calls are contracts of $255 strike price that expire on September 22nd. The total volume reaches 202,204 with an open interest of 5,467. The most traded puts are contracts of a $250 strike price that expires on September 22nd; the volume is 179,986 contracts with an open interest of 26,530. From June through August, Tesla sold about 13,000 EVs a week to Chinese car buyers. September sales have dropped to about 9,000 a week, according to insur
S&P 500 Drops for Third Straight Week U.S. stock indexes edged lower Friday to end an ugly week after the Federal Reserve signaled it may not be done hiking rates. The $S&P 500(.SPX)$ fell 0.2% Friday and closed down 2.9% for the week, its worst performance since March and third straight weekly loss. The $NASDAQ(.IXIC)$ dropped 0.1% Friday, and logged its third consecutive week of losses, with tech shares bearing the brunt of the recent selloff. The $DJIA(.DJI)$ was 0.3% lower Friday. Treasury yields edged lower after closing at a 15-year high on Thursday.
Google TPU And Broadcom $NVIDIA Corp(NVDA)$ 's expensive GPUs are dominating the data center hardware market, displacing CPU compute and cutting into customer margin. $Alphabet(GOOGL)$ is the one big exception, using their own custom silicon, the TPU. They also rent them out at Google Cloud, alongside Nvidia hardware. They just introduced version 5e. TPU chips are made by Broadcom and $Taiwan Semiconductor Manufacturing(TSM)$ . But this boost from Google is not enough to make up for weakness elsewhere for Broadcom. Google faced a challenge in the mid-twenty-teens when t
Rising Bond Yields, Interest-Rate Worries Drag Stocks Lower The highest bond yields in more than a decade prompted another stock-market selloff Thursday, as the possibility of a prolonged higher interest-rate environment sank in across Wall Street. The $S&P 500(.SPX)$ fell 1.6% on Thursday, as all 11 sectors finished the day lower. The tech-heavy $NASDAQ(.IXIC)$ fell 1.8%, while the blue-chip $DJIA(.DJI)$ dipped 1.1%, or around 370 points. All three indexes are on pace to finish the week in the red. A selloff in government bonds, prompted by surprisingly
Tesla Looks to Build EV Battery Factory in India $Tesla Motors(TSLA)$ may build a plant to make and sell batteries in India as part of its plan to expand into the country, one of the biggest fast-growing economies. The electric vehicle maker has been in talks with the Indian government and is seeking incentives to build a plant to make its Powerwall system, which can store power from solar panels. Reuters reported the news Friday, citing unidentified people familiar with the talks. Tesla (ticker: TSLA) Chief Executive Elon Musk visited India earlier this year and has spoken publicly about setting up a factory to build cars there. He's in good company -- $Wal-Mart(WMT)$ &
Energy Stocks Are Lagging Behind Oil Prices. How to Ride the Trend? Energy equities have struggled to keep pace with soaring oil price. The $S&P 500(.SPX)$ Energy Index has increased by about 14% since late June, but it has not kept up with the surge in oil prices, which have risen by about 30% during the same period to reach over $93 a barrel. The correlation between the S&P 500 Energy index and WTI has dropped from over 70% in June to roughly 28% for much of September, indicating that investors are uncertain about the sustainability of the oil rally given concerns about the economy. "Rather than chasing the rally in energy stocks, retail investors are currently exhibiting caution," Vanda Research analysts
S&P 500, Nasdaq Sink to Lowest Close Since June as Investors Brace for Higher Rates for Longer 10-year Treasury yield surge to highest since October 2007 U.S. stocks finished sharply lower Thursday, with the S&P 500 and Nasdaq posting their lowest closes since June, as Treasury yields surged in the wake of the Federal Reserve's meeting on Wednesday. How stocks traded The $DJIA(.DJI)$ fell 370.46 points, or 1.1%, ending at 34,070.42, the lowest close since July 10, according to Dow Jones Market Data.The $S&P 500(.SPX)$ shed 72.20 points, or 1.6%, closing at 4,330. That was its lowest close since June 26. The
Options Market Statistics: Tesla Stock Is Dropping Again as Fed Signals One More Rate Hike, Options Pop $Tesla Motors(TSLA)$ shares fell by 2.62%, closing at $255.70. Its options trading volume is 2.31 million. Call contracts account for 55.2% of the whole trading volume. The most traded calls are contracts of $270 strike price that expire on September 22nd. The total volume reaches 87,126 with an open interest of 19,058. The most traded puts are contracts of a $260 strike price that expires on September 22nd; the volume is 90,653 contracts with an open interest of 13,326. When the Federal Reserve maintains or hints at future rate hikes, it can lead to higher borrowing costs for companies. Tesla, in particular,
When Will BABA Bounce? Why has BABA's price remained stagnant for the majority of this year? After the Chinese stimulus rally near the beginning of this year. Alibaba's share price has had trouble climbing out of the long-term bear market it has been in for quite a while. Currently, the chinese economy is not exactly the strongest economy, but it has been showing signs of slight expansion based on some of the more recent data. Investors are mostly worried about the chinese real estate market. Turmoil in this sector can bring down real estate asset prices as well as other asset prices, like equities. If the economic data begins to show contraction, the real estate fears could just add fuel to the fire sale. This would almost certainly affect BABA's stock price. Fundamentally, this company