


Options Explained Part 1

Tesla plunged 14%! Shaking in your positions? 2 option strategies to urgently protect your portfolio.
Shocked, Musk and Trump got into a "spat" over tax legislation, and the "war of words" directly dragged down the stock price of $Tesla(TSLA.US). On June 5th, Eastern Time, Tesla's stock price plummeted by 14%, wiping out $153 billion in market value, setting a record for the largest single-day drop. This plunge exposed an issue: Tesla's stock price is overly dependent on Musk's personal image. Looking back, Trump's election victory once boosted Tesla's stock price, but now that Musk is embroiled in political controversy, the company's prospects are immediately overshadowed...
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.