Uncertainty surrounds Musk’s mooted $44 billion takeover bid for the company.
#LUCID MOTORS STOCK PRICE TODAY FREE#
Musk also underscored his dedication to free speech, though he said this does not mean Twitter should actively promote it. He also told them that he has a strong bias toward in-person rather than remote work, indicating he would prefer them to work in the office, rather than at home. The eccentric executive paved the way for possible layoffs when he told workers that “costs exceed revenue. Tesla stock dived after CEO Elon Musk held a meeting with Twitter employees Thursday. Elon Musk Makes Twitter Move Tesla Stock Dives Walmart (WMT) was one of the few gainers, though it was only up 1%. It now sits about 15% below its 50-day moving average, according to MarketSmith analysis.īut it was sportswear giant Nike and American Express (AXP) that suffered most on the Dow Jones today. It fell below the key 30,000 level.Īpple stock was one of the worst performers, giving up 4%. The Dow Jones Industrial Average also plummeted, shedding more than 700 points as it closed down 2.4%.
The Innovator IBD 50 ETF (FFTY), a bellwether for growth stocks, ended the session down 5.8%. Growth stocks were also given a scrubbing. Consumer staples and health care gave up the least ground. Technology, energy and consumer discretionary suffered most. Cruise lines stocks sank, with Norwegian Cruise Line (NCLH) and carnival (CCL) both plunging more than 11%. Lucid Motors (LCID) plunged, dropping more than 11%. The tech-heavy Nasdaq ended the day down 4.1%. With stagflation worries rising it was a tough environment for securities. Indexes were smacked down as Wednesday’s Fed meeting gains evaporated. West Texas Intermediate crude oil rose more than 1% to trade at just under $117 per barrel. Meanwhile, the yield on the benchmark 10-year Treasury note skidded 15 basis points to 3.24%. Volume was higher on both the Nasdaq and the New York Stock Exchange, according to preliminary data. Meridian Biosciences (VIVO), Nordstrom (JWN) and Johnson & Johnson (JNJ) are potential watchlist candidates. Apple (AAPL) and Nike (NKE) were big blue chip losers.Ī trio of stocks stood out by continuing to build bullish bases despite the negative action. Tesla (TLSA) dived after CEO Elon Musk made a Twitter (TWTR) move. Rivian plans to sell cheaper versions down the line.The Dow Jones Industrial Average undercut a key level as stocks suffered a Fed hangover. The 2022 R1T pickup now starts at $79,500, while the 2022 R1S SUV starts at $84,500. The company recently raised its prices to account for supply chain issues and inflation. Rivian's problem, according to Musk, is that its vehicles are too expensive to achieve the kind of volumes necessary to cover its fixed costs. Chrysler and General Motors both filed for bankruptcy in 2009, as Musk often points out.
Going bankrupt doesn't always mean a car company is done for good. "I hope they are able to do something, but unless they cut their costs dramatically, they will end up in the cemetery like every other car company, with the exception of Tesla and Ford." "Unless something changes significantly with Rivian and Lucid, they will both go bankrupt," the Tesla CEO said during an interview published Tuesday to the Tesla Owners Silicon Valley YouTube channel. Elon Musk has a ominous warning for electric-vehicle startups Rivian and Lucid Motors: Change now, or go out of business.
0 kommentar(er)
