Data News > Stocks React to Jobs Numbers – TSLA, MSTR, and NVDA Forecast
- Tesla, MicroStrategy, and Nvidia see premarket selling after hot US jobs numbers
- Tesla remains the largest auto manufacturer worldwide by market cap
- Tesla launches refreshed Model Y in China as stock reacts positively
- US automaker Tesla may benefit from European rivals failing to sell enough EVs
- Tesla recalls 239,000 vehicles over rear-view camera issue
The premarket trading for major US stocks, including Tesla (TSLA), MicroStrategy (MSTR), and Nvidia (NVDA), saw a slight decline in reaction to the hotter than expected US jobs numbers. Investors were anticipating loosening monetary policy; however, it seems that will not happen in the near future.
Tesla Inc. (TSLA) has been on an impressive stock run, with a more than 68% increase in the last year and a staggering 1,139% surge in the last five years as of January 9, 2025. Holding the title of the largest auto manufacturer worldwide by market cap, Tesla's market cap of $1.24 trillion is about five times larger than its closest competitor.
Tesla stock saw a slight uptick after the company launched its updated Model Y vehicle in China. This move has led to questions about whether now is a good time to buy Tesla stock, which has pulled back 19% from its mid-December all-time high. The electric vehicle market seems to be gaining momentum, with Tesla's refreshes models and increasing sales.
In Europe, Tesla could potentially see a $1 billion windfall as its rivals struggle to meet new emissions regulations. The US automaker, along with companies like Ford and Toyota, is joining forces to help competitors comply with the stringent new rules, which could benefit Tesla financially.
Tesla also faced a setback as it recalled around 239,000 vehicles due to an issue with the rear-view camera system. This recall emphasizes the need for consistent quality control and maintenance in the highly competitive EV market.
Tesla's latest move in China involves launching an updated version of its popular Model Y, priced at 263,500 Chinese yuan ($35,935), with deliveries set to start in March. As competition in the electric vehicle market intensifies, Tesla is proactively refreshing its models to stay ahead.
Despite recent challenges and recalls, Tesla continues to dominate the electric vehicle market worldwide. As the company navigates through these obstacles, investors are closely watching how Tesla's stock will perform in response to market dynamics and global economic conditions.
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Stocks React to Jobs Numbers – TSLA, MSTR, and NVDA Forecast
By KlickAnalytics Data Insights | January 10, 2025 10:00AM ET
Key Points
- Tesla, MicroStrategy, and Nvidia see premarket selling after hot US jobs numbers
- Tesla remains the largest auto manufacturer worldwide by market cap
- Tesla launches refreshed Model Y in China as stock reacts positively
- US automaker Tesla may benefit from European rivals failing to sell enough EVs
- Tesla recalls 239,000 vehicles over rear-view camera issue
The premarket trading for major US stocks, including Tesla (TSLA), MicroStrategy (MSTR), and Nvidia (NVDA), saw a slight decline in reaction to the hotter than expected US jobs numbers. Investors were anticipating loosening monetary policy; however, it seems that will not happen in the near future.
Tesla Inc. (TSLA) has been on an impressive stock run, with a more than 68% increase in the last year and a staggering 1,139% surge in the last five years as of January 9, 2025. Holding the title of the largest auto manufacturer worldwide by market cap, Tesla's market cap of $1.24 trillion is about five times larger than its closest competitor.
Tesla stock saw a slight uptick after the company launched its updated Model Y vehicle in China. This move has led to questions about whether now is a good time to buy Tesla stock, which has pulled back 19% from its mid-December all-time high. The electric vehicle market seems to be gaining momentum, with Tesla's refreshes models and increasing sales.
In Europe, Tesla could potentially see a $1 billion windfall as its rivals struggle to meet new emissions regulations. The US automaker, along with companies like Ford and Toyota, is joining forces to help competitors comply with the stringent new rules, which could benefit Tesla financially.
Tesla also faced a setback as it recalled around 239,000 vehicles due to an issue with the rear-view camera system. This recall emphasizes the need for consistent quality control and maintenance in the highly competitive EV market.
Tesla's latest move in China involves launching an updated version of its popular Model Y, priced at 263,500 Chinese yuan ($35,935), with deliveries set to start in March. As competition in the electric vehicle market intensifies, Tesla is proactively refreshing its models to stay ahead.
Despite recent challenges and recalls, Tesla continues to dominate the electric vehicle market worldwide. As the company navigates through these obstacles, investors are closely watching how Tesla's stock will perform in response to market dynamics and global economic conditions.
For more information:
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