Tesla Shares Jump After 5-day Losing Streak and Jumia Shares Gain as Nasdaq Soars 📈

Table of Contents

Tesla Shares Jump After 5-day Losing Streak and Jumia Shares Gain as Nasdaq Soars

Tesla

On Tuesday, shares of American electric vehicle and clean energy company Tesla skyrocketed, closing up 19.64%. Tesla’s nearly 20% surge on Tuesday was the company’s biggest daily gain in a year.

Tesla was on a five-day losing streak that at one point wiped away almost $150 billion of the company’s market value.

Shares of Tesla rose after China reported car sales. The China Passenger Car Association  (CPCA) said, in February, electric vehicle sales rose more than sevenfold from a year ago. The CPCA also said Tesla sold 18,318 Chinese made vehicles in February, up from 15,484 in January.

Shares of Tesla have fallen more than 4% this year.

Jumia

On Tuesday, shares of African online retailer Jumia Technologies jumped, closing up 23.06%.

Shares of the online retailer jumped after the Nasdaq soared nearly 4% as technology stocks rebounded amid a decline in bond yields.

Jumia’s stock rose last month after it reported earnings, jumping 6.7% as earnings beat analysts’ expectations. However, Jumia still ended last month down 23% as the company got caught in the crossfires of the tech-sell off.

Last month, Jumia announced they would be expanding into the online food delivery business in Africa.

Shares of Jumia Technologies have gained over 17% in the past three months.

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.