Category: Tesla Stock

Top 7 Stocks Outperforming the Market Already This Year

Stock Market 2023: Top stocks outperforming the SPY.
Stock Market 2023: Top stocks outperforming the SPY.

The SPY is currently up +2.05% in only the first two and a half weeks of the new trading year.

Shares of the S&P 500 index are trading at $388.64 at the time of this publication.

Last year, the index came down more than -10% bringing many companies down -50% to more than -80% on the year.

Today, stocks seem to be doing much better than experts and analysts anticipated.

Despite coming from a bear market, and all signs signaling an upcoming recession, early investors in some stocks are already killing it.

Here are 7 stocks currently outperforming the market already this year.

  1. Biora Therapeutics (NASDAQ:BIOR) +77.45%
  2. AMC Entertainment (NYSE:AMC) +40.46%
  3. AMC Preferred Equity (NYSE:APE) +31.67%
  4. Peloton Interactive (NASDAQ:PTON) +28.57%
  5. Tesla Inc. (NASDAQ:TSLA) +17.64%
  6. Hycroft Mining Holding (NASDAQ:HYMC) +15.98%
  7. GameStop Corp. (NYSE:GME) +10.70%

#1. Biora Therapeutics (BIOR) Stock

Stock Market 2023: Top stocks outperforming the SPY.

Biora Therapeutics (NASDAQ:BIOR), formerly known as Progenity (PROG) stock was up more than +182% in the first week of the new year.

Today, BIOR stock is up more than +77% this year.

The stock surged from $2 per share and peaked around $7.36 last in only the second week of the new year.

BIOR is extremely shorted, we’re talking about the company being one of the most shorted stocks in the market at the moment.

Ortex is reporting the company to have a whopping 243.95% short interest.

Why did BIOR stock surge so much this year already?

Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.

If approved, it will be massive for the company and for shareholders alike.

Read More BIOR Stock News Here

#2. AMC Entertainment (AMC) Stock

Stock Market 2023: Top stocks outperforming the SPY.

AMC Entertainment (NYSE:AMC) stock continues to be one of the biggest ‘meme stocks’ even after its massive debut in 2021 when shares rose from $2.50 to $72 later that year.

The stock, at the publication of this article, is trading at $5.52, the same share price it was two years ago before gaining serious traction.

AMC Entertainment continues to improve its fundamentals and remains the #1 leader in the movie theatre industry.

While online streaming has grown to become quite popular, especially during the pandemic, experts are beginning to weigh in on AMC’s side in 2023.

CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.

Even Amazon associates who asked not to be identified, per Bloomberg News, are stating the company plans to invest $1 billion per year in the movie theatre industry.

The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.

“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic”, said CNBC.

Read Breaking AMC Stock News Here

#3. AMC Preferred Equity (APE)

AMC Preferred Equity (NYSE:APE) is currently up +31.67% this year-to-date.

The equity made its debut in August of 2022 as a dividend for AMC shareholders.

AMC Entertainment has been able to capitalize on the equity by using funds to pay off debt and raise capital for the company.

Shares have plummeted since its inception; however, we’re seeing APE shares outperform the market too.

Plans to merge APE shares with AMC common stock will soon be up for shareholders to vote on.

Also Read: AMC Warns Short Sellers of Possible APE Short Squeeze

#4. Peloton (PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) is an American exercise equipment and media company based in New York City.

The company’s products are stationary bicycles, treadmills, indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service.

Company shares are up +28.75% year-to-date.

Peloton recently brought Leslie Berland, Twitter’s former marketing head, as its next chief marketing officer, per Bloomberg news reports.

She previously helped lead American Express for 10 years.

Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%.

The company in November posted wider losses than analysts expected for its first fiscal quarter.

Berland said in an announcement that she is “thrilled” to join the company at this “unique moment in its transformation journey.”

Read More Market News Here

#5. Tesla Inc. (TSLA) Stock

Stock Market 2023: Top stocks outperforming the SPY.
Stock Market 2023: Top stocks outperforming the SPY.

Tesla Inc. (NASDAQ:TSLA) had one of its worst years yet in 2022.

However, the company stock is outperforming the market today already gaining +17.64% in gains this year-to-date.

Tesla CEO Elon Musk sold 22 million shares of the company last year cashing in approximately $3.6 billion earlier in December according to this SEC filing.

After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.

Musk said he sees a ‘serious’ recession in 2023 and is preparing for a worst-case scenario.

And although experts are saying a recession is likely to strike the U.S. economy during the first quarter of 2023, the company stock seems to be performing quite well today.

Related: Is Tesla Stock a Buy Right Now or Should You Wait?

#6. Hycroft Mining Holding (HYMC) Stock

Shares of Hycroft Mining (NASDAQ:HYMC) rose 25% earlier this year when the company announced it had discovered more gold and silver than it had anticipated.

Majority of the company is owned by AMC Entertainment.

22% of the company to be exact.

When the movie theatre chain acquired the mining company, headquartered in Nevada, shareholders followed.

Hycroft was able to raise an incredible $195 million in just two weeks after the acquisition.

Today, company shares are up nearly +16% year-to-date.

#7. GameStop Corp. (GME) Stock

GameStop Corp. (NYSE:GME) shares are currently up +10.70% year-to-date.

GME stock continues to be a retail investors favorite despite its popularity coming down since the ‘meme stock’ frenzy of 2021.

Today, shareholders are registering their shares through DRS to prevent short sellers from attacking the company stock.

According to GameStop, approximately 30% of GME’s float is registered with the Direct Registration System (DRS).

This equates to 71.3 million retail shares.

How much of GME’s float is owned by retail investors?

Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

While DRS certainly prevents the company from being shorted, it’s only one piece of the puzzle for a GameStop short squeeze.

Shareholders will need to create massive buying pressure next.

Read More About GameStop and DRS Here

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Big Reddit Stocks Worth Putting on Your Watchlist This Year

Reddit Stocks 2023
Here are 7 Reddit stocks you’ll want to keep an eye out on in 2023.

Reddit stocks have become more and more popular as we saw penny stocks such as GameStop (GME) and AMC Entertainment (AMC) explode to all-time highs during the ‘meme stock’ frenzy two years ago.

In late January of 2021, GameStop shares rose to nearly $500 before getting halted.

At the same time, AMC Entertainment stock had risen from $2.50 to $22 per share only to peak at $72 five months later in June.

Since then, investors have been wanting to find the next BIG Reddit stocks that might just have the potential to yield +1,000% (thousands) in percentage gains.

While there are never any guarantees, here are 7 Reddit stocks gaining traction that are worth putting on your watchlist this year.

  1. Mullen Automotive (MULN): Analysts are predicting massive growth in 2023 with signs pointing towards a short squeeze.
  2. Tesla (TSLA): The growth stock is amongst the most discussed stocks on Reddit; perfect for long-term value investors.
  3. AMC Entertainment Holdings, Inc. (AMC): AMC’s short interest is still high and more than 93% of shareholders continue to hold the stock this year.
  4. GameStop (GME): More shareholders are direct registering their shares this year to limit shorting in the company stock and trigger price action from mere buying pressure.
  5. Amazon (AMZN): Despite a slowing economy, Amazon plans to invest billions of dollars in theatrical film releases and compete with Paramount Pictures.
  6. Warner Bros. Discovery (WBD): Goldman Sachs and Bank of America highlight an attractive “risk/reward” profile, with the former designating the firm its “favorite media stock.”
  7. Alibaba Group Holding Limited (BABA): Restrictions overseas are easing, and analysts are forecasting Alibaba to soar nearly 100% this year.

Mullen Automotive (MULN)

Mullen Automotive (NASDAQ:MULN) become one of Reddit’s trending stocks when a case study found that analysts are predicting shares to rise more than +7,000% by the end of the year.

Shares are currently trading around $0.37 but experts say favorable news during the company’s earnings report sometime in February has the potential to trigger a short squeeze.

Analysts predict shares of the automotive company to soar as high as $24 per share by the end of 2023.

Call options have decimated the number of put options on Webull by more than 96%.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long.

Share price at time of original publication 1/11: $0.40

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Tesla (TSLA)

Trending Reddit Stocks 2023.
Trending Reddit Stocks 2023.

Tesla (NASDAQ:TSLA) stock continues to be one of the most trending stocks on Reddit.

Tesla reported 1.31 million deliveries in 2022, a growth of 40% over the previous year.

In the fourth quarter, Tesla reported deliveries of 405,278 vehicles and production of 439,701 vehicles.

That brings Tesla’s 2022 full year deliveries to around 1.31 million vehicles.

In 2021, Tesla reported 308,600 vehicle deliveries in the fourth quarter, and full-year deliveries of around 936,172 vehicles.

Dan Raju, CEO of Tradier, a brokerage platform says, “if and when a market bottom emerges in the first half of 2023, we’d be looking to technology as a fantastic long-term opportunity, given the heavy drawdowns since late 2021.”

Given Tesla’s current low prices, investors all over Reddit stock forums can’t keep it off their watchlist.

Share price at time of original publication 1/11: $123.28

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AMC Entertainment Holdings, Inc. (AMC)

AMC (NYSE:AMC) currently has a high short interest of over 21% according to Fintel.

Company shares seem to have bottomed out around the $4-$4.50 range and shareholders are still holding.

A poll of nearly 4,000 market participants found that more than 93% of shareholders continue to hold their shares or plan to hold in 2023.

The AMC community known as ‘apes’ are determined AMC Entertainment stock will break its current all-time high record by squeezing short sellers again.

Not only does the community have the numbers, but the short interest is the same from 2021 levels when AMC soared to $72 per share.

Although company fundamentals have strongly improved over the past two years, 2021’s massive price surge proved fundamentals don’t necessarily have to be tied to a short squeeze play.

You can read frequently updated AMC breaking news here to stay up to date on the stock.

Share price at time of original publication 1/11: $4.71

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GameStop (GME)

GameStop (NYSE:GME) made its grand debut in January of 2021 shares rose to nearly $500 per share before ultimately getting halted.

But GME shareholders continue to innovate and find ways to re-spark that flame.

And it seems like they’re onto something.

According to GameStop, approximately 30% of GME’s float is registered with the Direct Registration System (DRS).

This equates to 71.3 million retail shares.

Furthermore, Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

This means nearly half of shareholders are on board so far, which is quite impressive.

While DRS certainly prevents the company from being shorted, it’s only one piece of the puzzle for a GameStop short squeeze.

Shareholders will need to create massive buying pressure next.

Share price at time of original publication 1/11: $18.72

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Amazon (AMZN)

Amazon (NASDAQ:AMZN) is reportedly planning to compete with Paramount Pictures in a new venture involving the movie theatre industry.

Last year, experts said Netflix missed out on $200 million in revenue by taking Glass Onion out of movie theatres too early, earning only $15 million.

Amazon.com Inc. will be investing billions of dollars to produce movies that will release in theatres, according to people familiar with the company’s plans.

This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.

The fact is people are still enjoying the theatrical experience only movie theatres can provide.

And Amazon plans to use the movie theatre industry to its advantage.

Amazon Prime video may potentially pre-release some of these films to subscribers, which could bring in more online streaming customers to the company as well.

Share price at time of original publication 1/11: $93.96

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Warner Bros. Discovery (WBD)

Warner Bros. Discovery (NASDAQ:WBD) rose more than 31% in the first week of 2023 after Wall Street analysts upgraded the company with a modest 63% upside for the year.

“We estimate that WBD is best positioned to drive EBITDA growth, ramp free cash flow and delever its balance sheet in 2023 as it pursues $3.5 billion of merger synergies and relaunches its flagship streaming service,” said Goldman Sachs analyst Brett Feldman.

Meanwhile, Bank of America analyst Jessica Reif Ehrlich reiterated her “buy” rating and $21 price objective on the stock, while adding it to her company’s so-called “U.S. 1 list” of “best investment ideas.”

The Bank of America expert also highlighted positive trends and potential catalysts ahead. “It already appears January advertising trends have improved sequentially (albeit off a modest base) from December levels, and comps would ease as the year progresses,” she wrote.

On Reddit, Warner Bros. Discovery has been discussed amongst the r/wallstreetbets community and several other stock and investing sub-channels.

Share price at time of original publication 1/11: $12.70

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Alibaba Group Holding Limited (BABA)

Trending Reddit Stocks 2023.
Trending Reddit Stocks 2023.

Alibaba (NASDAQ:BABA) is another Reddit stock that was recently added to Goldman Sachs conviction ‘buy’ list.

Analysts say shares may rise more than 25% this year.

As part of its Nov. 17 earnings report, which showed adjusted profit up 5% year over year to $1.82 a share but revenue down 6% to $29.1 billion, BABA said it’s increasing its share buyback program by $15 billion, on top of an existing $25 billion program.

As of Nov. 16, the company said it already repurchased $18 billion worth of stock under its existing program.

Alibaba’s Composite Rating of 85 (on a scale of 1-99 with 99 being the best) has improved significantly due to the stock’s relative price strength.

The current consensus among 59 polled investment analysts is to buy stock in Alibaba.

Analysts are giving BABA a low of $74.35, mid of $142.70, and high of $220.61.

Share price at time of original publication 1/11: $114.50

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What Other Reddit Stocks Are You Watching?

Reddit Stocks 2023

What other Reddit stocks do you have on your watchlist?

Do you already own any of these trending stocks on this list?

Leave a comment down below.

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Will Tesla Stock Recover This Year?

Stock Market News: Will Tesla stock recover?
Stock Market News: Will Tesla stock recover?

Tesla stock had a rough year in 2022. The company ended down -69%.

The company might have experienced a serious drop due to the bear market, but Tesla is reporting 2022 year-end vehicle production and delivery numbers.

The tech company actually had a growth of 40% over the last year.

However, the fourth quarter numbers still fell shy of analysts’ expectations.

Still, there’s hope for shareholders wondering if Tesla stock will ever recover.

Although economists are saying there’s a strong probability of a recession hitting the U.S. economy by the first quarter of the new year, it may be short-lived.

Will Tesla stock go up in 2023?

Here’s what experts are predicting.

Latest Tesla Stock News

latest tesla stock news
Tesla stock news: Will Tesla stock recover?

Tesla reported 1.31 million deliveries in 2022, a growth of 40% over the previous year.

In the fourth quarter, Tesla reported deliveries of 405,278 vehicles and production of 439,701 vehicles.

That brings Tesla’s 2022 full year deliveries to around 1.31 million vehicles.

In 2021, Tesla reported 308,600 vehicle deliveries in the fourth quarter, and full-year deliveries of around 936,172 vehicles.

That’s a great improvement considering the company went through several challenges due to Covid.

Here are 2022’s key numbers:

  • Total deliveries Q4 2022: 405,278
  • Total production Q4 2022: 439,701
  • Total annual deliveries 2022: 1.31 million
  • Total annual production 2022: 1.37 million

Deliveries are the closest approximation of sales disclosed by Tesla.

These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year.

However, the fourth quarter numbers fell shy of analysts’ expectations.

According to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022 Wall Street was expecting Tesla to report deliveries around 427,000 for the final quarter of the year.

Estimates updated in December, and included in the FactSet consensus, ranged from 409,000 to 433,000.

Regardless, Tesla was able to beat previous deliveries, demonstrating gradual growth for its investors.

Related: How to Invest in The Stock Market Step by Step for Beginners

Why Did Tesla Shares Fall?

Tesla Stock Price Chart 2022
Tesla Stock Price Chart 2022.

Big investors continued to sell shares on during the last weeks of December as news surfaced of productions suspensions.

But much of Tesla’s drop in production has been out of the company’s control.

The latest decline came after the Wall Street Journal reported that Tesla will continue a week-long production halt at its Shanghai facility, facing a fresh onslaught of Covid cases within its Chinese workforce.

Tesla shares fell over 70% from their record high in November 2021.

The stock ended down 69% in 2022, roughly double the decline in the Nasdaq.

Among major car makers, Ford is down 45% and General Motors has fallen 43%.

But Elon Musk also played a big role in the decline of the company’s share price.

In this SEC filing, we see the Tesla CEO has sold approximately 22 million shares equivalent to around $3.6 billion.

Selloffs at this magnitude move the markets.

After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.

The Tesla CEO said that he foresees a serious recession in 2023 and needed to prepare for a worst-case scenario.

But Elon Musk isn’t the only one predicting a recession going into the new year.

Both Bank of America and Wells Fargo CEOs are predicting a recession to hit the United States by the first quarter of 2023.

What Are the Experts Saying?

what are experts saying about the stock market.
What are experts saying about the stock market?

While technical analysis shows us the stock market is in a downtrend channel, experts are saying a recession will have a great impact on the continuation of a bear market in 2023.

Dan Raju, CEO of Tradier, a brokerage platform says, “The Fed’s obsession with recession will likely result in more interest rate hikes in the first quarter of 2023, which means that we are going to have continued volatility in the financial markets.”

“We feel that going into the fall, the stage will be set for a strong recovery from the 2022-2023 cyclical bear market,” says David Keller, president and chief strategist at Sierra Alpha Research.

“If and when a market bottom emerges in the first half of 2023, we’d be looking to technology as a fantastic long-term opportunity, given the heavy drawdowns since late 2021.”

It seems tech stocks, Tesla stock included, may not all be headed towards what may seem like a never-ending downward spiral.

As we begin to recover from this bear market later in the year, we can expect Tesla stock and others to rise as investors begin to look at long-term opportunities.

However, it’s important for retail investors to prepare for the worst as talks about a recession looms.

“A recession is very likely in the U.S.,” BoFa wrote in its Year Ahead 2023 report. The bank points out that this recession can last through the third quarter of 2023.

There’s no official definition of a recession, but many economists define it as a period of two consecutive quarters of negative economic growth or gross domestic product (GDP) decline – a drop that’s already been seen in 2022, says FOX Business.

Are You Holding Tesla Stock?

Will you be buying more Tesla shares now or wait until we begin to see a little more certainty in the economy and markets?

Leave a comment down below.

For more Tesla stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

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Is Tesla Stock a Buy Right Now or Should You Wait?

Stock Market News: Is Tesla Stock a buy?
Stock Market: Is Tesla Stock a buy?

Tesla stock rose 3% to $112.71 on Wednesday after having one of its worst weeks following the Christmas holiday.

Shares had fallen more than 8% on Tuesday to $109.10.

Recently the company has had issues with production at its Shanghai facility due to its fresh outbreak of Covid cases.

Tesla stock is currently down -71% this year, it’s worst year yet.

But we all know a bear market yields the best discounts prior to takeoff (no pun intended).

Is Tesla stock a buy right now or should you wait?

This article is going to provide you with some insight to help you make that decision for yourself.

Let’s get started.

Will Tesla Shares Go Up or Keep Falling?

Tesla stock investing

Our bear market has plunged companies to the ground and Tesla is no exception.

In fact, the probability of us having to survive this bear market much longer is much higher than seeing a complete reversal overnight.

Bank of America and Wells Fargo CEOs are predicting a recession will hit the United States by Q1 of 2023.

If the United States is hit by a recession in the new year, then we can expect a prolonged bear market.

BofA economists expect market volatility to persist going into 2023.

Tesla CEO Elon Musk sold 22 million shares of the company cashing in approximately $3.6 billion earlier in December according to this SEC filing.

After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.

The reason behind the selloff?

Musk said he sees a ‘serious’ recession in 2023 and is preparing for a worst-case scenario.

Should You Sell Tesla Shares?

Is Tesla stock a buy? Should you sell Tesla shares?
Is Tesla stock a buy? Should you sell Tesla shares?

One thing I’ve learned is that if profits are up and a CEO sells, that is the perfect time to sell, for now.

But that’s just what I’ve learned.

Perhaps today might not be the best time to buy Tesla stock or sell it, considering shares have room to drop at better discounts.

Depending on your financial situation, it could be a great time to cash out and hold, or simply continue to hold while waiting for the next big dip.

Everyone’s situation is different.

But I’m curious to know where you stand.

Are you a Tesla shareholder?

Will you be buying Tesla stock in 2023?

Leave your thoughts below.

For more Tesla stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

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What is Happening with Tesla Stock Right Now?

What is happening with Tesla stock
Market News: What is happening with Tesla stock?

Tesla stock is currently trading at $112.77.

Shares are down approximately -22.66% in the past 5 trading days and -77% in the past year-to-date.

Trading volume remains healthy despite its yearly downtrend.

Majority of companies have been affected drastically by our current bear market, and Tesla shares have been no exception.

Shareholders want to know, when will Tesla stock rise again?

Let’s discuss what is happening with Tesla as a company first and then assess its probabilities.

Here are the latest Tesla news and updates.

Tesla is Currently Headed Towards its Worst Year

Tesla (TSLA) is currently headed towards its worst month, quarter, and year on record.

Investors continued to sell shares on Tuesday as we saw a drop of more than -8%.

But much of Tesla’s drop in production is out of the company’s control.

The latest drop comes after the Wall Street Journal reported that Tesla will continue a week-long production halt at its Shanghai facility, facing a fresh onslaught of Covid cases within its Chinese workforce.

Tesla Stock Price Today | Latest Tesla news and updates.
Tesla Stock Price Today | Latest Tesla news and updates.

Tesla shares have fallen over 70% from their record high in November 2021.

The stock is down over 68% in 2022, roughly double the decline in the Nasdaq.

Among major car makers, Ford is down 45% and General Motors has fallen 43%.

Last week, Tesla expanded discounts in North America for buyers of Model 3 and Model Y electric vehicles.

Those discounts came after the automaker offered incentives in mainland China for December auto sales earlier this month.

Elon Musk Sells Tesla Stock

Business News: Elon Musk Sells Tesla Stock.
Business News: Elon Musk Sells Tesla Stock.

Elon Musk’s newly acquired company Twitter has been losing money after several companies paused or suspended advertising on the social media platform.

In this SEC filing, we see the Tesla CEO has sold approximately 22 million shares equivalent to around $3.6 billion.

After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.

The Tesla CEO said that he foresees a serious recession in 2023 and needed to prepare for a worst-case scenario.

But Elon Musk isn’t the only one predicting a recession going into the new year.

Both Bank of America and Wells Fargo CEOs are predicting a recession to hit the United States by the first quarter of 2023.

Based on these predictions, there’s a strong probability we will not be seeing shares of Tesla rise again until we enter another bull market or see signs of a bear market coming to an end.

But I’m curious to know your thoughts on what is happening with Tesla stock.

Leave your thoughts below.

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