Cedears sank to almost 12% due to the fall of the CCL and a bad start to the year for Wall Street

Cedears sank to almost 12% due to the fall of the CCL and a bad start to the year for Wall Street

Diego Martínez Burzaco, Head of Research & Strategy at Inviuassured that on the “first day of the year on Wall Street, Tesla is riddled with 13% at the moment. The reason? It sold 3% fewer vehicles in 4Q22 compared to the market consensus.”

“Is it exaggerated? It may be, but when the trend is down in the background, it is better to wait for a stabilization to see the opportunity. Is Elon Musk the hindrance? Right now, yes, because the sale of his shares throughout the year, to fund the purchase of Twitter, generates a lot of resentment. and china? It is the main market of the company that cannot have visibility of the impact of the Covid in the short term”, closed the Burzaco analysis.

On Wall Street, US stocks fell against the rally in global equitiesl, in a week loaded with macroeconomic data that could offer clues as to when, and at what level, US interest rates might peak.

For its part, the financial dollar operates mixed this Tuesday, and the CCL posts its biggest daily drop for 3 weeks, while the gap with the wholesale dollar operates at 90%.

Source: Ambito

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