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Tesla sinks quiet post-Xmas session

Allan Tong Posted On December 27, 2022
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market comment after the close

With the TSX closed in lieu of Christmas and Boxing Day, Wall Street reopened to typically light trading. Movement in either direction was muted, but the huge exception by far was Tesla, which plunged 11.41% as the heaviest-traded stock. Tesla has been falling further than any major tech stock as investors dump shares in reaction to the volatile antics of its CEO, Elon Musk, who is also running the troubled Twitter.

Tech as a whole didn’t fare well Tuesday as Amazon closed -2.5% and Nvidia -7.14%.However, travel stocks rallied post-Christmas with Wynn Resorts jumping 4.47% and Las Vegas Sands leaping 4.17%.

Elsewhere, WTI crude added 0.3% to nearly $80, Bitcoin slipped 1.38% to $16,700 and the U.S. 10-year yield inched up to 3.84%.

🚗 Tesla Motors Inc (TSLA-Q) -11.41%
📦 Amazon.com (AMZN-Q) -2.5%
💾 Nvidia Corp (NVDA-Q) -7.14%
♠ Wynne Resorts Ltd. (WYNN-Q) +4.47%
♠ Las Vegas Sands Corp. (LVS-N) +4.17%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.38%

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