On September 8th, the quotations of General Motors (NYSE: GM) stocks leaped up by 9% all of a sudden. The reason was electric cars: that day, it became known about the partnership between GM and a young innovative company Nikola (NASDAQ: NKLA).
At the beginning of June, one stock of Tesla (NASDAQ: TSLA) cost 1000 USD. It took the company 10 years to reach this stock price; moreover, two months later, the stock price reached 2000 USD.
As the saying goes: “Only the first million USD is hard to earn”.
Stock split is a good opportunity to invest in the world’s largest companies at reasonable prices. In our case, splits are made by Apple, Warren Buffett’s favorite company, and Tesla, which is considered as one of the most promising developing companies.
The electric vehicle industry is developing by leaps and bounds, stocks are constantly growing, but the market has potential. It's not too late to jump on the fast departing train.
On January 29th, 2020 I published an article about Novavax (NASDAQ: NVAX) Which Stocks Grow During Coronavirus Epidemic?. I could not imagine then that the stock price of this company will sky-rocket to 100 USD. I turned out there were no limits to the greed of investors.
Last week we got to know that three of the major carmakers - General Motors (NYSE: GM), Ford Motor Company (NYSE: F), and Fiat Chrysler Automobiles (NYSE: FCAU) - are gradually starting the plants.
On February 4th, Tesla stocks reached their all-time high of 969 USD per stock. What is such growth of Tesla stocks based on?
Today, we will look a bit away from analytics and speak about the market and the situations that the trader may find themselves in, working by the Pump and Dump system.
Those who wanted to play short lost it again. It seemed that the losses of the traders (accumulating to 5 billion USD, according to some sources) who wished to make a fortune on the decline of Tesla (NASDAQ: TSLA) stocks should have taught the rest a lesson. Alas, the current situation demonstrates that the bears still refuse to believe that Tesla stocks may go on growing.
Tesla (NASDAQ: TSLA) has been downtrending since December, having lost around 48% so far. In early May, in another Tesla stocks review, we mentioned the short position percentage had been around 25%. Now, it's already 28.12%, and every single day, the negative sentiment increases. When the stock was above $300, there was not so much of negative forecast; currently, both the leading banks and analysts are downgrading Tesla's rating. Some even say the company may get restructured, and call Elon Musk a scammer, probably just to make their short positions more effective.