Read more
4:15 PM ยท 27 December 2022

Tesla shares at lowest since October 2020๐Ÿ“‰

-
-
Open account Download free app
-
-
Open account Download free app
  • US indices return to declines after Christmas break
  • Tesla loses nearly 6% amid further production restrictions in China

US500 loses 0.6% and the market sellers look to push the main US benchmark to levels below 3,800 points. The US100 slips below 10,900 points and is trading 1.2% below the bar. The US30 is doing much better, trading down 0.2%. The bullish momentum sustained during the European session was negated after the reading of Trade in Goods balance. A huge drop in the US goods deficit, the largest since 2009, triggered a deterioration in market bullishness. Better goods deficit data could support U.S. GDP in Q4 2022, which could herald the Fed's maintaining a more hawkish stance.

US500 chart, D1 interval. Bulls are trying to hold support near the 23.6 Fibonacci elimination. Source: xStation5

Tesla (TSLA.US) shares are losing nearly 6% amid concerns about demand for electric cars. Reuters reported that the automaker will suspend production of the Model 3 and Model Y, at its Shanghai plant from January 20 to 31, 2023, despite the easing of Covid restrictions in China. The reasons for Tesla's decision and whether the restriction will also extend to the production lines of other car models are not clear. Analysts remain cautious on the company's stock in the face of Elon Musk's involvement on Twitter.

Tesla shares (TSLA.US), D1 interval. The company's shares are losing about 72% from historical highs. Source: xStation5

3 April 2026, 11:31 AM

DAX down 12% from all-time high ๐ŸšฉWatch this 2 stocks in April

2 April 2026, 6:32 PM

Daily summary: Hopes for peace and space stocks in the spotlight

2 April 2026, 5:58 PM

Globalstar: Are we headed for a battle of giants over orbit?

2 April 2026, 5:43 PM

Intuitive Machines: Flywheel of the space economy?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits