The Chinese e-commerce giant Alibaba will publish its earnings report on February 13, at 14:30 MT time.
TESLA stock: "into the stratosphere" mode
You think it’s a rocket launch? No, it’s Tesla stock price entering “into the stratosphere” mode. $1000 per share is an inch away. At least, it was just a moment ago, and no one really knows if today or tomorrow it will get back to cross it.
Why so vertical
If we want to find reasons, there may be a mixture of several. A successful financial closure of 2019 (although with an overall 2019 annual loss), high number of Cybertruck orders (although it failed right on stage during the demonstration), Model 3 eventually getting off the assembly plant in Shanghai (although the future prognosis for the customer demand is not really bright, not to say quite gloomy), and probably a rush to buy back Tesla shares by those who believed it would fail. Although… Well, there are many “althoughs” to Tesla’s success, but the market doesn’t want to hear it right now. Therefore, use the moment to make a profit, while it is so hyped for this stock.
Wait. And Elon Musk?
You can imagine his fortunes now. Or more likely you cannot. Don’t envy Tesla, trade it.
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
Euro Area Flash Manufacturing PMI will be released on Friday at 11:00 MT time.
The British Flash Manufacturing PMI will be announced on Thursday at 11:30 MT time.