A stock market is a place where nothing can be predicted accurately. Tesla is one of the very famous companies whose stock share prices saw many changes in the past few months. Let’s discuss more it through Tesla stock (NASDAQ TSLA) news.
Tesla is one of the companies which was facing a dip day by day since the last few months. This all affected the popularity of the Tesla stock among the investors and the present partners of the company. However, suddenly there came a sharp jump in the rates of the stocks prices of this company which is a very good sign for the future of the company and for the investors who were feeling very heavy due to investment in this company and watching so many dips and after another.
Many of the market experts are relating this jump in the Tesla stock with the election of US President in November. In this Election, the main two competitors are the present US presidents Donald Trump and the former US President Joe Bidden. It’s a fact that the Joe Bidden democrats have more plans for renewing the energy resources and management of it and there is a high chance of winning of Joe Bidden as per the survey. We all know that Tesla is a company who works in the field of Electric motor car, solar panel, fuel and other energy resources.
Therefore if Bidden wins the US election, he would surely do the things in favour of upliftment of the electric car industry. This is so as with the help of using electric cars, solar energy etc, the consumption of the non-renewable energy resources will decrease. Thus the win of Bidden will directly give benefits to companies like Tesla also. Might be this is the reason the stock rates of the company went higher.
This is just one side. If you are a new investor, you should listen to the full story before making your mind for investment in tesla. Recently one popular stock investing legend presented the top 10 companies which are best for investing. The very strange thing about this all was that the name of Tesla was not on that list.
Therefore if you are willing to invest in this company of tesla, just by looking at the sudden jump in its stock prices, you should rethink. A stock market is a place where no decision should be taken just on the present value of the stock but instead, we should check all the details about the company and its past performances in a few months or years. If you want to buy tesla stock, you can check its income statement at https://www.webull.com/income-statement/nasdaq-tsla.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.