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For those interested in investing and finance, I have a question. Why would this news not cause Tesla's share price to go up? It seems generally well-received
by KhalPanda 11y ago
For those interested in investing and finance, I have a question.
Why would this news not cause Tesla's share price to go up?
It seems generally well-received (well, as much of an indicator as 812 points on HN is). Surely that's a good sign? Or did the announcement not live up to the hype, causing people to dump stock?
- souljaswag 11y agoTesla stock price has been gradually increasing the last week or so in anticipation of the event, so the event has already been "priced in." Further, the FOMC (fed) recently scared the market, because interest rates may be rising some time in the future (September? December? who knows), causing people to switch from investing in equities (stocks) into treasury bills. In short, this information was already anticipated but it also had to fight the FOMC announcement.
- KhalPanda 11y agoThanks. Makes sense.
- butwhy 11y agoBuy on the rumour, sell on the announce. Sharetrading 101.
- drcross 11y agobuy on the rumour, sell on the news.