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2024-01-10

Good information for Tesla investors

Tesla Stock Is on a Bad Streak. It’s Probably Taxes More Than Elon Musk

Tesla stock is on one of its streaks, the kind that frustrates investors, leaving them to ask what’s going on. The short answer is not all that much. The decline probably comes down to taxes.Shares of

Tesla Stock Is on a Bad Streak. It’s Probably Taxes More Than Elon Musk

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It’s Probably Taxes More Than Elon Musk","url":"https://stock-news.laohu8.com/highlight/detail?id=2402561011","media":"Dow Jones","summary":"Tesla stock is on one of its streaks, the kind that frustrates investors, leaving them to ask what’s going on. The short answer is not all that much. The decline probably comes down to taxes.Shares of","content":"<html><head></head><body><p style=\"text-align: start;\">Tesla stock is on one of its streaks, the kind that frustrates investors, leaving them to ask what’s going on. The short answer is not all that much. The decline probably comes down to taxes.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98474b29f03d5d86c5b8511fbe474739\" alt=\"Shares of the maker of electric vehicles closed lower for the seventh time in eight trading days.\" title=\"Shares of the maker of electric vehicles closed lower for the seventh time in eight trading days.\" tg-width=\"955\" tg-height=\"633\"/><span>Shares of the maker of electric vehicles closed lower for the seventh time in eight trading days.</span></p><p style=\"text-align: start;\">Tesla stock closed at $234.96, down $5.49, or 2.3%, in Tuesday trading, while the S&amp;P 500 dropped about 0.2% and Nasdaq Composite gained 0.1%.</p><p>Shares of the electric-vehicle maker are down for seven of the past eight days, and have lost about 5.4% to start 2024, according to Dow Jones Market Data, while the Nasdaq has slipped about 1% year to date.</p><p>Tesla stock is weak despite delivering a record, and better-than-expected, 485,000 cars in the fourth quarter. That compares with about 405,000 in the fourth quarter of 2022.</p><p>“Tesla has seen an orderly pullback above its rising 200-day moving average, and it is now short-term oversold on neutral intermediate-term momentum,” says Fairlead Strategies founder, and market technician Katie Stockton.</p><p>Market technicians look at stock charts to get a sense of how investors feel about any stock and to help predict where shares will go over the short and medium term. Oversold essentially refers to a stock dropping far more than expected, with the bad news causing excessive damage. Such stocks are typically due for a rebound.</p><p>In the case of Tesla, however, there isn’t much bad news. CEO Elon Musk was in the news about alleged illegal drug use, reported on by <em>The Wall Street Journal</em>. But Tesla stock rose 1.2% on Monday, the first day of trading following the article.</p><p style=\"text-align: start;\">The early 2024 action appears to be more about profit-taking to start a new year. Tesla stock more than doubled in 2023. Selling stock early in any new year avoids paying capital-gains taxes until the next tax cycle. Selling at the end of 2023 would result in gains hitting an investor’s current tax filing.</p><p style=\"text-align: start;\">As for momentum, stock traders like to follow it because, essentially, stocks that are going up typically keep going up and vice versa. Stockton doesn’t see any big change in momentum trends. In fact, “the uptrend is intact,” she says. “Resistance is now about $260 initially, and I’d like to see it hold above the 200-day moving average.”</p><p style=\"text-align: start;\">The 200-day moving average is about $231 a share. Tesla stock is still above that. Resistance for Stockton is where Tesla stock might stall out when the current trend reverses.</p><p style=\"text-align: start;\">The next big fundamental data point for Tesla shareholders is fourth-quarter earnings, due to be reported on Jan. 24. Wall Street is looking for earnings per share of about 72 cents, according to FactSet, down from $1.19 reported in the fourth quarter of 2022. Tesla sold more cars in the fourth quarter, but price cuts have pressured profit margins. Any commentary from Musk about pricing or EV demand will be as, or more, important than the headline numbers his company reports.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Is on a Bad Streak. It’s Probably Taxes More Than Elon Musk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Is on a Bad Streak. It’s Probably Taxes More Than Elon Musk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-01-10 10:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Tesla stock is on one of its streaks, the kind that frustrates investors, leaving them to ask what’s going on. The short answer is not all that much. The decline probably comes down to taxes.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98474b29f03d5d86c5b8511fbe474739\" alt=\"Shares of the maker of electric vehicles closed lower for the seventh time in eight trading days.\" title=\"Shares of the maker of electric vehicles closed lower for the seventh time in eight trading days.\" tg-width=\"955\" tg-height=\"633\"/><span>Shares of the maker of electric vehicles closed lower for the seventh time in eight trading days.</span></p><p style=\"text-align: start;\">Tesla stock closed at $234.96, down $5.49, or 2.3%, in Tuesday trading, while the S&amp;P 500 dropped about 0.2% and Nasdaq Composite gained 0.1%.</p><p>Shares of the electric-vehicle maker are down for seven of the past eight days, and have lost about 5.4% to start 2024, according to Dow Jones Market Data, while the Nasdaq has slipped about 1% year to date.</p><p>Tesla stock is weak despite delivering a record, and better-than-expected, 485,000 cars in the fourth quarter. That compares with about 405,000 in the fourth quarter of 2022.</p><p>“Tesla has seen an orderly pullback above its rising 200-day moving average, and it is now short-term oversold on neutral intermediate-term momentum,” says Fairlead Strategies founder, and market technician Katie Stockton.</p><p>Market technicians look at stock charts to get a sense of how investors feel about any stock and to help predict where shares will go over the short and medium term. Oversold essentially refers to a stock dropping far more than expected, with the bad news causing excessive damage. Such stocks are typically due for a rebound.</p><p>In the case of Tesla, however, there isn’t much bad news. CEO Elon Musk was in the news about alleged illegal drug use, reported on by <em>The Wall Street Journal</em>. But Tesla stock rose 1.2% on Monday, the first day of trading following the article.</p><p style=\"text-align: start;\">The early 2024 action appears to be more about profit-taking to start a new year. Tesla stock more than doubled in 2023. Selling stock early in any new year avoids paying capital-gains taxes until the next tax cycle. Selling at the end of 2023 would result in gains hitting an investor’s current tax filing.</p><p style=\"text-align: start;\">As for momentum, stock traders like to follow it because, essentially, stocks that are going up typically keep going up and vice versa. Stockton doesn’t see any big change in momentum trends. In fact, “the uptrend is intact,” she says. “Resistance is now about $260 initially, and I’d like to see it hold above the 200-day moving average.”</p><p style=\"text-align: start;\">The 200-day moving average is about $231 a share. Tesla stock is still above that. Resistance for Stockton is where Tesla stock might stall out when the current trend reverses.</p><p style=\"text-align: start;\">The next big fundamental data point for Tesla shareholders is fourth-quarter earnings, due to be reported on Jan. 24. Wall Street is looking for earnings per share of about 72 cents, according to FactSet, down from $1.19 reported in the fourth quarter of 2022. Tesla sold more cars in the fourth quarter, but price cuts have pressured profit margins. Any commentary from Musk about pricing or EV demand will be as, or more, important than the headline numbers his company reports.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4550":"红杉资本持仓","BK4588":"碎股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4574":"无人驾驶","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4581":"高盛持仓","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4592":"伊斯兰概念","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4555":"新能源车","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4527":"明星科技股"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2402561011","content_text":"Tesla stock is on one of its streaks, the kind that frustrates investors, leaving them to ask what’s going on. The short answer is not all that much. The decline probably comes down to taxes.Shares of the maker of electric vehicles closed lower for the seventh time in eight trading days.Tesla stock closed at $234.96, down $5.49, or 2.3%, in Tuesday trading, while the S&P 500 dropped about 0.2% and Nasdaq Composite gained 0.1%.Shares of the electric-vehicle maker are down for seven of the past eight days, and have lost about 5.4% to start 2024, according to Dow Jones Market Data, while the Nasdaq has slipped about 1% year to date.Tesla stock is weak despite delivering a record, and better-than-expected, 485,000 cars in the fourth quarter. That compares with about 405,000 in the fourth quarter of 2022.“Tesla has seen an orderly pullback above its rising 200-day moving average, and it is now short-term oversold on neutral intermediate-term momentum,” says Fairlead Strategies founder, and market technician Katie Stockton.Market technicians look at stock charts to get a sense of how investors feel about any stock and to help predict where shares will go over the short and medium term. Oversold essentially refers to a stock dropping far more than expected, with the bad news causing excessive damage. Such stocks are typically due for a rebound.In the case of Tesla, however, there isn’t much bad news. CEO Elon Musk was in the news about alleged illegal drug use, reported on by The Wall Street Journal. But Tesla stock rose 1.2% on Monday, the first day of trading following the article.The early 2024 action appears to be more about profit-taking to start a new year. Tesla stock more than doubled in 2023. Selling stock early in any new year avoids paying capital-gains taxes until the next tax cycle. Selling at the end of 2023 would result in gains hitting an investor’s current tax filing.As for momentum, stock traders like to follow it because, essentially, stocks that are going up typically keep going up and vice versa. Stockton doesn’t see any big change in momentum trends. In fact, “the uptrend is intact,” she says. “Resistance is now about $260 initially, and I’d like to see it hold above the 200-day moving average.”The 200-day moving average is about $231 a share. Tesla stock is still above that. Resistance for Stockton is where Tesla stock might stall out when the current trend reverses.The next big fundamental data point for Tesla shareholders is fourth-quarter earnings, due to be reported on Jan. 24. Wall Street is looking for earnings per share of about 72 cents, according to FactSet, down from $1.19 reported in the fourth quarter of 2022. Tesla sold more cars in the fourth quarter, but price cuts have pressured profit margins. Any commentary from Musk about pricing or EV demand will be as, or more, important than the headline numbers his company reports.","news_type":1},"isVote":1,"tweetType":1,"viewCount":729,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":32,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}