11.03.2020 "Tesla and Apple" Daily Analysis

11.03.2020 "Tesla and Apple" Daily Analysis

  Tuesday saw the stock recover some of it's losses largely after Musk tweeted about the huge milestone that Tesla had overcome-making a million cars. This might seem like peanuts compared to other giants like GM which makes averagely 10 million cars per annum. However, it shows Tesla's resilience and considering the fact that the company is looking for a location for its next Gigafactory project in Central USA. The company wants to have one factory dedicated to producing its Cybertrucks. This shows how visionary the company is and even though 2020 is proving to be a difficult year so far, Tesla seems to have a bright future. A Tesla stock is currently going for $637.37 which is a big improvement from Monday when it went down by 14%  to $608.15   Apple Shares; Apple went up with $19.17 from $266.17 to $285.34. This is because of the statement that Donald Trump and Vice President Mike Pence released during the press conference. They said measures are being taken regarding coronavirus and they said a fiscal package was forthcoming. Due to this statement, all USD stocks went up. In addition, the White House is to meet with tech companies today like Google, Amazon, Facebook, Apple and other tech companies to coordinate responses to the growing coronavirus outbreak. The meeting will be hosted by U.S Chief Technology officer Michael Knatsios, thus according to the spokeswoman for the White House Office of Science and Technology policy Elena Hernandez. They are of the view that this meeting is essential since social media companies, in particular, have been at the forefront of attempting to stop misinformation on the virus while companies such as Amazon have attempt to manage panic selling of goods.