Stock Market- Tesla

11.2.17

Today was not a good day for the stock market. Nasdaq went down $7.36, S&P 500 $3.61, and Dow up by $13 (As of now). However, most notably, Tesla has seen an incredible decline in their shares over the past week. From Wednesday to today, the shares of Tesla has fell $27.07, marking one of Tesla's biggest drops over the course of five years. The immense drop in the stock's price was caused by the delays of their new model, the Model 3. They predicted selling about 5000 models a week for the beginning of first quarter in 2018, but the car will be pushed back by almost three months because of battery and assembly issues.

I personally own about 15 shares of Tesla and I'm planning not to sell them until around the 16th. Although they might be a low for the rest of the week, I recommend you all purchase a few of their shares as the price of Tesla will bounce back due to the momentum and its soon to be unveiled Tesla Semi-Truck. The truck is due on 11.16.17 and will be a big step forward in the technological advancements in the vehicle industry, but for now, hold tights ladies and gentlemen, as we are in for a bouncy ride.

Submitted November 02, 2017 at 11:31AM by jeffreyma1219 http://ift.tt/2h5XriF