The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.
According to IDC, Chinese consumers may abandon the idea to adopt 5G-enabled phones due to the influence of coronavirus, despite the fact that Chinese makers are offering premium models that take advantage of next-generation networks.
Analysts predict that if Google decides to put its cash reserves in use, it can potentially pay Tesla a 100% premium to its current price for a complete acquisition. This will value the Tesla (TSLA) stock at a price of $1500 per share and its valuations shooting to $280 billion.
While many people are extremely bullish about Tesla (TSLA), some other analysts think that it’s a little too volatile and dangerous at the moment.
Bitcoin halving, gold and scarcity: as the milestone approaches, it will reduce Bitcoin’s block reward to 6,25 BTC per the block. Currently, the Bitcoin block reward equals 12,5 BTC.
One of the Wall Street bulls Edward Yardeni believes that there is currently no bigger threat to the financial market right now than the coronavirus outbreak. The number of death cases is growing.
Facebook (FB) stock price is moving higher despite all the noise around the company partially caused by Elon Musk’s negative position toward it.
With China under the lockdown of the coronavirus outbreak, Airbnb has decided to suspend all bookings in the capital city of Beijing until Feb 29. The company has also issued refunds to all the people who had to cancel them due to local regulatory rules.
The Google Play Store might be getting some competition from Chinese giants including Huawei and Xiaomi as they create a new platform. This announcement hasn’t had any negative influence on GOOGL stock.
American social media giant Twitter has surprised many by beating the quarterly revenue estimate to clinch on $1 billion. TWTR stock also rose by 14% as the market opened after the report.
In a quest to fund the Blue Origin project, Amazon CEO Jeff Bezos continued with his initial plan to sell shares. He has now sold $3.5 billion worth of shares in a week after AMZN stock jumped higher and the company joined the $1 trillion club.
Warner Music Group is now the latest high-profile company that has taken a decision to go for a public listing in 2020.
During the start of 2020, Apple asked its suppliers to produce nearly 45 million AirPod units in the first half of the year owing to high demand. However, suppliers in China have to shut down production due to the coronavirus epidemic putting breaks on Apple’s sales targets.
According to Ark Invest, if Tesla lands the self-driving option in the right way, it can soon launch an autonomous taxi service (robotaxis). As a result, the TSLA stock value may increase drastically and Tesla could hit $6 trillion by 2024.
Tesla (TSLA) stock has plunged as the company has announced a delivery delay caused by the fears related to the coronavirus epidemic.