Tesla Leads Wall Street Gains at the End of a Volatile Month

<p><a href="https://admiralmarkets.com/analytics/traders-blog/tesla-february-2022"><picture class="lozad" data-iesrc="https://fxmedia.s3.amazonaws.com/articles/Trading_News_Tesla-9.jpg" data- data- data-alt="Trading News" data-height="376" data-width="800"><source type="image/webp" media="(min-width: 640px)" srcset="https://dqvh7oj3vu3ch.cloudfront.net/720x,webp/fxmedia.s3.amazonaws.com/articles/Trading_News_Tesla-9.jpg"></source><source type="image/webp" media="(max-width: 639px)" srcset="https://dqvh7oj3vu3ch.cloudfront.net/375x,webp/fxmedia.s3.amazonaws.com/articles/Trading_News_Tesla-9.jpg"></source></picture></a></p><p>The close of yesterday’s trading session marked the end of a volatile month on Wall Street, in which the S&amp;P 500 recorded its worst month since the crash at the start of the pandemic in March 2020.</p><p>January’s final session ended with gains in the three US benchmark indices, with the Dow Jones, S&amp;P 500 and Nasdaq Composite rising 1.17%, 1.89% and 3.41% respectively. Nevertheless, despite these gains, all three remain in the red thus far in 2022.</p><p>As noted, January was a particularly volatile month on Wall Street, as uncertainty over future monetary policy was exacerbated by tension in eastern Europe, wreaking havoc on US equities.</p><p>Technology stocks have endured an especially torrid time and few more so than Tesla, which, prior to the start of yesterday’s session, was down by 20% year to date.</p><p>However, the electric vehicle manufacturer enjoyed a positive day yesterday, managing to claw back some of its losses for the month and ending the day up by 10.86%.</p><p>Tesla’s gains came after Credit Suisse upgraded the stock to “outperform” with a price target of $1,025.</p><p>Despite positive results for the final quarter of 2021, Tesla shares came under increased pressure last week after CEO Elon Musk announced on their earnings call that the electric vehicle manufacturer would not be releasing any new models in 2022 due to ongoing chip constraints.</p><p>However, this recent sell-off presented an attractive entry point, according to Credit Suisse, who further noted that the stock “checks all the boxes” and “should recover”.</p><figure><a href="https://admiralmarkets.com/analytics/traders-blog/tesla-february-2022"><picture class="lozad" data-iesrc="https://fxmedia.s3.amazonaws.com/articles/Tesla_Daily_Chart-12.png" data- data- data-alt="Tesla Daily Chart" data-height="1314" data-width="2804"><source type="image/webp" media="(min-width: 640px)" srcset="https://dqvh7oj3vu3ch.cloudfront.net/720x,webp/fxmedia.s3.amazonaws.com/articles/Tesla_Daily_Chart-12.png"></source><source type="image/webp" media="(max-width: 639px)" srcset="https://dqvh7oj3vu3ch.cloudfront.net/375x,webp/fxmedia.s3.amazonaws.com/articles/Tesla_Daily_Chart-12.png"></source></picture></a>
<figcaption>
<p><em>Depicted: Admirals MetaTrader 5 – Tesla Daily Chart. Date Range: 1 June 2021 – 31 January 2022. Date Captured: 31 January 2022. Past performance is not a reliable indicator of future results.</em></p>
<figure></figure>
</figcaption>
</figure><figure><a href="https://admiralmarkets.com/analytics/traders-blog/tesla-february-2022"><picture class="lozad" data-iesrc="https://fxmedia.s3.amazonaws.com/articles/Tesla_Weekly_Chart-7.png" data- data- data-alt="Tesla Weekly Chart" data-height="1314" data-width="2804"><source type="image/webp" media="(min-width: 640px)" srcset="https://dqvh7oj3vu3ch.cloudfront.net/720x,webp/fxmedia.s3.amazonaws.com/articles/Tesla_Weekly_Chart-7.png"></source><source type="image/webp" media="(max-width: 639px)" srcset="https://dqvh7oj3vu3ch.cloudfront.net/375x,webp/fxmedia.s3.amazonaws.com/articles/Tesla_Weekly_Chart-7.png"></source></picture></a>
<figcaption><em>Depicted: Admirals MetaTrader 5 – Tesla Weekly Chart. Date Range: 12 July 2015 – 31 January 2022. Date Captured: 31 January 2022. Past performance is not a reliable indicator of future results.</em></figcaption>
</figure><p> </p><p><b>Invest with Admirals</b></p><p>With an <a href="https://admiralmarkets.com/start-trading/admiral-invest-stocks-and-etfs" target="_blank" rel="noopener">Invest.MT5 account</a> from Admirals, you can buy shares in Tesla and over 4,300 other public companies from 15 of the largest stock exchanges in the world! Other benefits of the Invest.MT5 account include:</p><ul>
<li>Free exclusive access to our <a href="https://admiralmarkets.com/analytics/premium-analytics" target="_blank" rel="noopener">Premium Analytics</a> portal, where you can find the latest market news, sentiment and technical insight</li>
<li>The ability to open an account with a minimum deposit of just €1</li>
<li>Invest using the world’s number-one multi-asset trading platform, <a href="https://admiralmarkets.com/trading-platforms/metatrader-5" target="_blank" rel="noopener">MetaTrader 5</a>, at no additional cost</li>
</ul><p>To start enjoying all these benefits and more, click the banner below to register for an account today:</p><p></p><div><div><span>Invest in the world’s top instruments</span><p>Thousands of stocks and ETFs at your fingertips</p><a target="_blank" href="https://admiralmarkets.com/start-trading/admiral-invest-stocks-and-etfs">START INVESTING</a></div></div><p> </p><p><b><em>INFORMATION ABOUT ANALYTICAL MATERIALS: </em></b> </p><p><em>The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter “Analysis”) published on the websites of Admirals investment firms operating under the Admirals trademark (hereinafter “Admirals”) Before making any investment decisions please pay close attention to the following: </em> </p><ol>
<li><em>This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.</em></li>
<li><em>Any investment decision is made by each client alone whereas Admirals shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.</em></li>
<li><em>With view to protecting the interests of our clients and the objectivity of the Analysis, Admirals has established relevant internal procedures for prevention and management of conflicts of interest.</em></li>
<li><em>The Analysis is prepared by an independent analyst Roberto Rivero, Freelance Contributor (hereinafter "Author") based on personal estimations.</em></li>
<li><em>Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admirals does not guarantee the accuracy or completeness of any information contained within the Analysis.</em></li>
<li><em>Any kind of past or modelled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admirals for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.</em></li>
<li><em>Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the </em><a href="https://admiralmarkets.com/risk-disclosure" target="_blank" rel="noopener"><em>risks involved</em></a><em>.</em></li>
</ol>