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Tesla Stock Closes Out Incredible Month -- Lower. Three Reasons Shares Dropped

$Tesla Motors(TSLA)$ stock has had a wild month. The stock did, well, poorly.Coming into the final day of the month, Tesla stock was down less than 2% for October.It feels impossible to believe. The

Tesla Stock Closes Out Incredible Month -- Lower. Three Reasons Shares Dropped

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Three Reasons Shares Dropped","url":"https://stock-news.laohu8.com/highlight/detail?id=2480062538","media":"Dow Jones","summary":" $Tesla Motors(TSLA)$  stock has had a wild month. The stock did, well, poorly.Coming into the final day of the month, Tesla stock was down less than 2% for October.It feels impossible to believe. The","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> stock has had a wild month. The stock did, well, poorly.</p><p>Coming into the final day of the month, Tesla stock was down less than 5% for October.</p><p>It feels impossible to believe. There have been plenty of outsize stock moves. Tesla shares dropped almost 9% after its Oct. 10 Robotaxi Day in Hollywood, Calif. failed to meet lofty expectations. And shares jumped about 22% after the company reported better-than-expected third-quarter numbers on Oct. 23.</p><p>All that drama just to run in place.</p><p>Tesla shares have traded for more than 170 months. The average move, up or down, for any month is about 18%. Shares have moved less than 2%, up or down, only 20 times. Months like this happen a little more than 10% of the time.</p><p>Few investors would have bet that a month with an investor event and earnings would yield almost no change. Tesla stock, however, has a way of doing the unexpected.</p><p>Shares finished October with a whimper. Tesla stock dropped 4.6% to $249.7. There were a few reasons for the drop.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c4c768eb623ce93a75a29a46cbc4c684\" title=\"\" tg-width=\"1112\" tg-height=\"749\"/></p><p>For starters, the market was lousy. The S&amp;P 500 and Dow Jones Industrial Average fell 1.9% and 0.9%, respectively. Inflation data came in as expected, but it was helped by lower energy prices. Microsoft shares also dropped 6% after it reported quarterly earnings.</p><p>Then there is <a href=\"https://laohu8.com/S/LI\">Li Auto</a>. It reported better-than-expected third-quarter results, but price competition in China continues. Shares dropped 13.6%.</p><p>And <a href=\"https://laohu8.com/S/UBER\">Uber</a> shares fell 9.3%. Uber and Tesla typically aren&#39;t connected, however, both are pursuing self-driving taxis. Uber stock got a jolt after Tesla Robotaxi Day. Uber&#39;s share performance is, at least, worth looking at for Tesla investors.</p><p>Uber&#39;s drop wasn&#39;t related to autonomous cars. It was earnings. Uber reported solid third-quarter numbers, but growth guidance for the fourth quarter came in a little below consensus expectations.</p><p>Through Thursday trading, Tesla stock was up about 1% year to date.</p><p>That isn&#39;t much of a move either. There has been plenty of volatility though. Shares were up about 80% from an intraday 52-week low reached in April. Shares were down about 9% from an intraday 52-week high reached just after third-quarter earnings were reported.</p><p>Looking ahead, shares are trying to break above resistance of about $265 a share. Resistance is a term technical stock market analysts use to describe levels where investors have taken profits in the past.</p><p>Getting through resistance can mean a breakout with more gains ahead. Tesla stock closed at $269.19 a share this past Friday, after earnings. Technical analysts would like to see another close above resistance to believe the breakout was real.</p><p>That&#39;s why investors should pay close attention to the $265 level on the final day of the week.</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 Closes Out Incredible Month -- Lower. 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Three Reasons Shares Dropped\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\">2024-11-01 08:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> stock has had a wild month. The stock did, well, poorly.</p><p>Coming into the final day of the month, Tesla stock was down less than 5% for October.</p><p>It feels impossible to believe. There have been plenty of outsize stock moves. Tesla shares dropped almost 9% after its Oct. 10 Robotaxi Day in Hollywood, Calif. failed to meet lofty expectations. And shares jumped about 22% after the company reported better-than-expected third-quarter numbers on Oct. 23.</p><p>All that drama just to run in place.</p><p>Tesla shares have traded for more than 170 months. The average move, up or down, for any month is about 18%. Shares have moved less than 2%, up or down, only 20 times. Months like this happen a little more than 10% of the time.</p><p>Few investors would have bet that a month with an investor event and earnings would yield almost no change. Tesla stock, however, has a way of doing the unexpected.</p><p>Shares finished October with a whimper. Tesla stock dropped 4.6% to $249.7. There were a few reasons for the drop.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c4c768eb623ce93a75a29a46cbc4c684\" title=\"\" tg-width=\"1112\" tg-height=\"749\"/></p><p>For starters, the market was lousy. The S&amp;P 500 and Dow Jones Industrial Average fell 1.9% and 0.9%, respectively. Inflation data came in as expected, but it was helped by lower energy prices. Microsoft shares also dropped 6% after it reported quarterly earnings.</p><p>Then there is <a href=\"https://laohu8.com/S/LI\">Li Auto</a>. It reported better-than-expected third-quarter results, but price competition in China continues. Shares dropped 13.6%.</p><p>And <a href=\"https://laohu8.com/S/UBER\">Uber</a> shares fell 9.3%. Uber and Tesla typically aren&#39;t connected, however, both are pursuing self-driving taxis. Uber stock got a jolt after Tesla Robotaxi Day. Uber&#39;s share performance is, at least, worth looking at for Tesla investors.</p><p>Uber&#39;s drop wasn&#39;t related to autonomous cars. It was earnings. Uber reported solid third-quarter numbers, but growth guidance for the fourth quarter came in a little below consensus expectations.</p><p>Through Thursday trading, Tesla stock was up about 1% year to date.</p><p>That isn&#39;t much of a move either. There has been plenty of volatility though. Shares were up about 80% from an intraday 52-week low reached in April. Shares were down about 9% from an intraday 52-week high reached just after third-quarter earnings were reported.</p><p>Looking ahead, shares are trying to break above resistance of about $265 a share. Resistance is a term technical stock market analysts use to describe levels where investors have taken profits in the past.</p><p>Getting through resistance can mean a breakout with more gains ahead. Tesla stock closed at $269.19 a share this past Friday, after earnings. Technical analysts would like to see another close above resistance to believe the breakout was real.</p><p>That&#39;s why investors should pay close attention to the $265 level on the final day of the week.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4535":"淡马锡持仓","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4022":"陆运","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4534":"瑞士信贷持仓","TSLA":"特斯拉","BK4550":"红杉资本持仓","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","SG9999014906.USD":"大华全球优质成长基金Acc USD","BK4533":"AQR资本管理(全球第二大对冲基金)","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK4551":"寇图资本持仓","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LI":"理想汽车","LU1861215975.USD":"贝莱德新一代科技基金 A2","SG9999015978.USD":"利安颠覆性创新基金A","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4548":"巴美列捷福持仓","BK4527":"明星科技股","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","UBER":"优步","BK4503":"景林资产持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4592":"伊斯兰概念","BK4536":"外卖概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0823411888.USD":"法巴消费创新基金 Cap","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4555":"新能源车","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2480062538","content_text":"Tesla Motors stock has had a wild month. The stock did, well, poorly.Coming into the final day of the month, Tesla stock was down less than 5% for October.It feels impossible to believe. There have been plenty of outsize stock moves. Tesla shares dropped almost 9% after its Oct. 10 Robotaxi Day in Hollywood, Calif. failed to meet lofty expectations. And shares jumped about 22% after the company reported better-than-expected third-quarter numbers on Oct. 23.All that drama just to run in place.Tesla shares have traded for more than 170 months. The average move, up or down, for any month is about 18%. Shares have moved less than 2%, up or down, only 20 times. Months like this happen a little more than 10% of the time.Few investors would have bet that a month with an investor event and earnings would yield almost no change. Tesla stock, however, has a way of doing the unexpected.Shares finished October with a whimper. Tesla stock dropped 4.6% to $249.7. There were a few reasons for the drop.For starters, the market was lousy. The S&P 500 and Dow Jones Industrial Average fell 1.9% and 0.9%, respectively. Inflation data came in as expected, but it was helped by lower energy prices. Microsoft shares also dropped 6% after it reported quarterly earnings.Then there is Li Auto. It reported better-than-expected third-quarter results, but price competition in China continues. Shares dropped 13.6%.And Uber shares fell 9.3%. Uber and Tesla typically aren't connected, however, both are pursuing self-driving taxis. Uber stock got a jolt after Tesla Robotaxi Day. Uber's share performance is, at least, worth looking at for Tesla investors.Uber's drop wasn't related to autonomous cars. It was earnings. Uber reported solid third-quarter numbers, but growth guidance for the fourth quarter came in a little below consensus expectations.Through Thursday trading, Tesla stock was up about 1% year to date.That isn't much of a move either. There has been plenty of volatility though. Shares were up about 80% from an intraday 52-week low reached in April. Shares were down about 9% from an intraday 52-week high reached just after third-quarter earnings were reported.Looking ahead, shares are trying to break above resistance of about $265 a share. Resistance is a term technical stock market analysts use to describe levels where investors have taken profits in the past.Getting through resistance can mean a breakout with more gains ahead. Tesla stock closed at $269.19 a share this past Friday, after earnings. Technical analysts would like to see another close above resistance to believe the breakout was real.That's why investors should pay close attention to the $265 level on the final day of the week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"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":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}