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Tesla shares

Tesla shares drop on lack of clear forecast amid global chip crunch
Business & Finance

Tesla shares drop on lack of clear forecast amid global chip crunch

  • The electric-car maker's quarterly revenue made it barely past estimates, relying mostly on sales of environmental credits and the liquidation of 10% of its $1.5 billion bitcoin investment.
  • "A global shortage of computer chips is expected to limit production from all manufacturers in the immediate future, and Tesla won't be exempt," said Nicholas Hyett, equity analyst at Hargreaves Lansdown.
Published 27 Apr, 2021 09:17pm
Tesla shares rise in busy trade ahead of S&P 500 debut
Markets

Tesla shares rise in busy trade ahead of S&P 500 debut

  • Elon Musk's Tesla on Monday will become the most valuable company ever admitted to Wall Street's main benchmark.
  • The company's shares were up 2.2% to $670.30 in mid-day trading, hitting a record high, although the stock did briefly turn negative during the session. Tesla shares have soared some 700% so far in 2020.
Published 19 Dec, 2020 12:29am