The data spanned from Tuesday, Dec. 27 to this past Tuesday. Due to the end-of-year timing, tax-loss selling was likely a major factor, said Peng Cheng, the firm's head of big data and artificial intelligence strategies. When investors use this strategy, they sell losing names to offset the taxes on any capital gains made during the year. Overall, retail traders dumped $4.1 billion in single stocks.
In a tweet in late December, CEO Elon Musk blamed rising interest rates for being partially responsible for the stock's decline. However, some Wall Street analysts have pointed to his takeover of Twitter and his sale of 22 million Tesla shares as problematic for the stock. On Monday, Tesla reported production and delivery numbers for the fourth quarter of 2022 that missed expectations, causing the stock to sink 12% on Tuesday.
Also record amounts of every other EV company. Along with just about every other stock. Oil is the play NRGU the golden boy
Capitulation?
'Retail'
dont they know that with deeply negative real interest rates.... the US economy is still hotted up?
Shhhhhh. Don't RUIN IT. Retail DUMPING into TREASURIES. My friends are LOVING it collect above 4.5%. What more can you ask for.
last in, last out.. that's retail for you..
This is insider trading. I would never work/invest/lend/advise tesla.
And who is on the other side of that trade? carlquintanilla Downtown jlebenthal
Yup looks like a bottom signal then
That’s because they are buying heavy shorted stocks like $AMC, $GME, $MULN
the dem operatives at cnbc will mention the market is OFF THE LOWS a few hundred times today. company line in a bad market to keep the sheep tuning in to the slaughter.
They always sell the last dump or the buttom😂🫡
Lol good
Thanks to you clowns
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WashTimes - 🏆 235. / 63 Read more »