Monday is so far the second worst market opening day for Telsa investors; as share of the electric car maker opened with a gap down based on news that China and countries around the world are scrambling to contain the spread of a new coronavirus that has killed 81 people and infected more than 2,700.
Dow Jones Industrial Average briefly turned negative for the year 2020, while others suffered reasonable amount of sell-offs.
Tesla market cap dropped below the legendary $100B but is now back above it and presently $100.315B. This price is where Bulls must defend for months, so that Tesla CEO Elon Musk can witness his huge payday.
Tesla share is presently trading in the daily range or $539.39 – $558.25, with an Average Volume of $11,973,442.
Investors are in a tight zone as Coronavirus takes over global market amid Earning Reports. More than 56 million people in almost 20 Chinese cities – including Wuhan, capital of Hubei province where the virus originated – have been under a strict lockdown.
In Other News
A twitter user that is identified as Tesla Hacker and goes by the name GREEN as most recently shared what he/she believes is the incoming Tesla updates.