Let's just try to understand how much Musk's sales have affected the supply side. Here are my 4 reasons for that.įirst, the decrease in stock supply by Musk himself is a very important turning point, in my view.Ī reduction in the supply of stock can lead to an imbalance in the whole supply-demand story for TSLA, which can drive up the price of the stock in the short term. Therefore, I believe that this news is a very important catalyst that can set off several chain reactions at once. Musk - the most active insider - sold more than $3.64 billion worth of shares in December alone, based on TrendSpider's data: In my opinion, in addition to retail investors (~15% of the whole float, according to CNN Business) who massively exited their positions in anticipation of a recession in 2023 (which Elon Musk himself warned about back in June), the insider selling was the main factor influencing the negative momentum. This news was published by Reuters a few days ago and Seeking Alpha mentions it in its News section so that you can read it yourself if you can't access that Reuters' post: Elon Musk says he won't sell any more Tesla stock in the next 2 years In this article, I will examine the potential implications of this overlooked news, as well as a note from Morgan Stanley analysts questioning the future of the entire industry and Tesla in particular. On December 27, we saw a similar picture (~203 million shares traded).Īmid the dramatic drop in TSLA on high trading volumes, a significant piece of news was overlooked by the market - it has the potential to significantly impact short-term market trends for the stock, in my view. On December 22, for example, when TSLA fell a miraculous 8.88%, trading volume was over 205 million shares - nearly 2.5 times the 200-day average, according to. It was especially interesting considering that trading volumes were well above average on those sell-off days. ( NASDAQ: TSLA) fall for 7 consecutive trading sessions against the backdrop of the falling but relatively stable NASDAQ 100 Index ( COMP.IND): However, considering the positive growth history and the growing demand of renewable energy in the future, tesla is a good bet.It has been quite interesting to watch Tesla Inc. But some experts raise the concern regarding the impact of Elon Musk’s global presence and his controversial statements on the stock price. As the world is shifting towards renewable and sustainable energy, Tesla is a great option to consider. Tesla’s share price has jumped from approximately $6 to $274 in the past 10 years, and is still showing an increasing trend.
Whereas when you want to invest indirectly, you can buy an international mutual fund or an ETF that invests in Tesla. Direct investment can be made by opening a trading account with an international broker and buying the shares directly. Investment in Tesla can be made directly or indirectly. Though it is listed on Nasdaq, it can still be traded in India. It is one of the top 3 companies that has more than 100% YTD, listed on Nasdaq. Tesla’s stock price is up by a huge 123 % YTD.
It aims to build a world powered by solar energy, running on batteries and transported by electric vehicles. Tesla, with a market capitalization of $854.38 billion, is the seventh-largest company in the US. You can invest in Tesla from India just like you can buy shares of an Indian company, despite the fact that the company is listed on the US stock exchange, Nasdaq.
Whether you can afford a Tesla or not, you may still buy stock in the company. Even though there is time for Made-in-India Tesla cars to run on Indian roads, the talk about buying Tesla’s shares is doing the rounds. Recent announcements have raised expectations of Elon Musk’s Tesla debut in India.
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