Market Wrap – Walmart Trashed as Powell Came and Went May 17, 2022

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  • #36860
    MoneyNeverSleeps
    Participant

    Interesting timing:

    Tesla to recall 107,293 vehicles in China from May 23 due to safety risks

    involves Model 3 and Model Y vehicles produced in the country between Oct. 19, 2021, and April 26, 2022

    A defect related to the central touchscreen during fast charging may cause malfunctions and pose potential safety hazards

    The company has promised to conduct free software updates on the recalled vehicles to fix the problem.
    Info from Chinese media citing a statement filed with the State Administration for Market Regulation.

    #36861
    MoneyNeverSleeps
    Participant

    Tesla (TSLA) has stopped taking orders for its Cybertruck outside of North America

    #36859
    TradersCom
    Keymaster

    The stock markets continued with no fear in a FOMO bear market rally. All this when Walmart had it’s biggest daily fall since 1987 and Fed chair Powel
    [See the full post at: Market Wrap – Walmart Trashed as Powell Came and Went May 17, 2022]

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