Tesla Surges 11% on Buyout Tweet - Adviser Investments

Tesla Surges 11% on Buyout Tweet

Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, August 7. Solid earnings continued to impact major U.S. stock indexes with the Dow Jones Industrial Average up 0.5% and both the S&P 500 and NASDAQ gaining around 0.3%. In terms of significant reporting, Disney ended the day down 2% after missing earnings and revenue expectations. Meanwhile, Elon Musk’s Twitter post regarding Tesla’s potential privatization ignited a frenzy of ethical and regulatory commentary—as well as stock momentum: Tesla’s shares surged 11% today.

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