PLTR
Palantir
-- 80.550 TSLA
Tesla
-- 421.060 NVDA
NVIDIA
-- 134.700 RGTI
Rigetti Computing
-- 9.3700 AMD
Advanced Micro Devices
-- 119.210 
$Tesla (TSLA.US)$ stock opened higher last week but experien...
$Tesla (TSLA.US)$ stock opened higher last week but experienced a downward trajectory, closing on Friday with a 3.5% decline at $421.06. There was notable trading activity focused on call options with a $440 strike price set to expire on December 20.
On Thursday, Tesla's stock experienced a 0.9% decline following Kentucky Sen. Rand Paul's suggestion that Elon Musk could be a candidate for Speaker of the House, potentially increasing the demands on Musk's time. However, the market seemed to largely dismiss this possibility, with Tesla shareholder Gary Black noting that the stock was "wildly overbought" and hedge funds may have seized the opportunity for profit-taking. The term "overbought" indicates that the stock has risen rapidly, potentially reflecting a saturation of positive news without enough buyers to drive prices further.
Adding to investor concerns, Musk's growing engagement in Washington's political sphere, marked by his recent tweets on government spending and the shutdown, could be unsettling. Additionally, Tesla faced a challenge with its European EV sales, which fell by nearly 30% year-over-year in November, highlighting the need for strong December sales in China and the U.S. to meet its Q4 target of approximately 515,000 vehicles, against Wall Street's forecast of 503,000. Despite these concerns, Tesla's stock fluctuations on Friday may simply reflect natural market behavior, as it has climbed about 76% this year.
On Thursday, Tesla's stock experienced a 0.9% decline following Kentucky Sen. Rand Paul's suggestion that Elon Musk could be a candidate for Speaker of the House, potentially increasing the demands on Musk's time. However, the market seemed to largely dismiss this possibility, with Tesla shareholder Gary Black noting that the stock was "wildly overbought" and hedge funds may have seized the opportunity for profit-taking. The term "overbought" indicates that the stock has risen rapidly, potentially reflecting a saturation of positive news without enough buyers to drive prices further.
Adding to investor concerns, Musk's growing engagement in Washington's political sphere, marked by his recent tweets on government spending and the shutdown, could be unsettling. Additionally, Tesla faced a challenge with its European EV sales, which fell by nearly 30% year-over-year in November, highlighting the need for strong December sales in China and the U.S. to meet its Q4 target of approximately 515,000 vehicles, against Wall Street's forecast of 503,000. Despite these concerns, Tesla's stock fluctuations on Friday may simply reflect natural market behavior, as it has climbed about 76% this year.
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