On March 10th, $Tesla (TSLA.US)$'s stock faced a “Black Monday,” plunging 15.4% to close at $222.15, the worst single day drop since September 2020.
Overnight, it shed $130 billion in market value, equivalent to erasing $Ford Motor (F.US)$ and $General Motors (GM.US)$'s combined worth. This rout dragged the Nasdaq down 4% and sliced Tesla’s valuation in HALF from its December 2024 peak ($479.86).
Bounce or Bust?
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Morning mooers! It is Monday, April 15th, the market is open and the world is still here. Q2 earnings are in full swing, with banks like Goldman Sachs reporting today.
My name is Kevin Travers, it is a beautiful spring day in Jersey City, and here are your top morning moovers.
MOOVERS
Speaking of second quarter earnings, $M&T Bank was the largest gainer on the S&P 500 at a 5.7% climb following its Q1 earnings. The bank's net income fell ...