Moderna’s Ethics Hurt Their Price and Tesla Loses a Third of its Value in a Week 🚗

Moderna’s Ethics Hurt Their Price and Tesla Loses a Third of its Value in a Week

Moderna

The biotechnology company’s stock dropped more than 13% Tuesday after pledging their COVID-19 vaccine development process would be immune from political pressure. Some investors were hopeful that political forces might lead to vaccine approval before the November 3 election, but Moderna’s promise indicates a vaccine will not be released before going through the full stages of necessary testing regardless of the White House’s intentions.

This decline is very interesting because Moderna said the promise does not shift anything in their development schedule. A significant factor in yesterday’s poor performance could also be the challenges faced by AstraZeneca are turning investors more bearish on a vaccine being developed in the near future.

Tesla

Tesla’s stock price dropped 21% yesterday and is down about 33% since its high at close on August 31, the day it executed a 5-for-1 stock split. Many factors played into the company’s eye-opening decline. Tesla’s stock price nearly doubled from the time it announced the split until it occurred last week, so a correction was not that surprising.

More concerning for Tesla is Nikola’s deal with GM signalling competition in the EV space and a large investment firm reducing its Tesla holdings. Despite all of this, Tesla is still up nearly 300% on the year so things can’t be too bad for Mr. Musk.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.