Home Uncategorized Volatile session sees Tesla jump 14 then sink to a loss

Volatile session sees Tesla jump 14 then sink to a loss

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Investors went through a rollercoaster trading session on Monday, at one point the SP 500 was up 1.5 versus Fridays closing price, before sinking back to a 0.9 loss for the day. Tesla experienced one of the more dramatic swings, jumping double digits intraday before falling back to a 3 loss. That gain at one point put Teslas market cap past the 300bn mark, making it 12.5 times more valuable than Ford. The rally ran out of steam in the afternoon following California, by far the biggest US state economically, announced that it is rolling back its reopening plans due to a surge of Covid19 cases.