NEWS
Floating To A New Record High

It was a muted day in the market, with stocks opening higher, trading sideways, and closing at a new marginal high. Investors are adjusting their portfolios for what could be a volatile fourth quarter. 👀

Today's issue covers Tesla stock turning on the turbo, Uxin Ltd. unleashing on shorts, and regulators targeting Exxon in a “first-of-its-kind” case. 📰

Here’s the S&P 500 heatmap. 7 of 11 sectors closed green, with consumer discretionary (+1.01%) leading and healthcare (-0.57%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $UXIN, $ASMB, $CTOR, $ORC, $LFLY 📉 $THO, $MNSO, $FUBO, $AIR, $CHRS*

*If you’re a business and want to access this data via our API, email us.

STOCKS
Tesla Stock Turns On The Turbo ⚡

Barclays is the latest Tesla bull on Wall Street, with analyst Daniel Levy telling investors that he expects deliveries to be higher than the consensus estimate. He’s anticipating 470,000 electric vehicle (EV) deliveries during the third quarter, representing an 8% YoY jump based on an uptick in China sales. 🔺

After being down more than 40% year-to-date, the stock’s recent rebound has pushed it back into positive territory.

Notably, technical analysts are excited about it clearing the long-term downtrend line that’s kept a lid on prices since late 2021. And the Stocktwits community believes the momentum can continue into the October 10th Robotaxi event, with sentiment in ‘bullish’ territory. 🐂

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