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Aussie traders rally around Tesla as shares tank

January 15, 2023
Source: afr.com afr.com
News Snapshot:
The spike came as shares in Nasdaq-listed Tesla slumped 12 per cent on Tuesday, January 3 to close at $US108.10 – a two-and-a-half-year low. The activity suggests many local traders are buying what they perceive is a “dip” in Tesla shares, which are down 64.3 per cent over the year to Friday, but have skyrocketed 424.6 per cent over the past five years. The January 3 slide followed news that Tesla had fallen short of its goal to expand EV deliveries by 50 per cent, under-performing Bloomberg’s sales expectations even as it achieved a quarterly record. Investors and analysts have...
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