❗ What affects the price of a stock?
As of now, the stock price of Tesla has risen from 145$ to 165$. If you are a beginner in the stock market, you might ask yourself, Why? What has influenced this?
🚘 The news plays a significant role in determining whether the stock moves up or down. In the case of Tesla, Musk recently announced plans to produce a more affordable EV car, Model 2. The starting price would be $25,000.
This news appealed to stock market investors, resulting in a surge in their stock price.
🚄 This is why, on the tube, you might see people reading newspapers such as FT, Bloomberg, and The Economist. Company updates and international affairs play an important role in determining the price of a stock. An investor wants to stay up-to-date so that if something happens, he can decide whether to sell or buy more.
🏫 If you attend university, you are likely to have free access to these newspapers. Use this opportunity to read them. It will give you a good understanding of how the entire financial system operates and how interconnected it is.
#StockMarket #Finance #Students #Tesla #News
Venture Investor 🦍 | Industrial, DeepTech, and Energy 🏗️ | Board Director 🌍
3wThat's brutal... good eye, Marco Rodzynek