Skip to content Skip to footer
View of Tesla factory. Tesla shares fell drastically and the NASDAQ fell along with it

NASDAQ plunges after fatal Tesla Crash

The NASDAQ was in the red to start the week, as shares in Tesla dropped amidst news of 2 fatalities following a car crash in the United States.

It was reported that the passengers were operating the autopilot function of their Tesla when it crashed.

According to reports, a 2019 Tesla Model S was traveling at high speed, when it failed to negotiate a curve and eventually crashed into a tree, bursting into flames.

As the issue seems to have been caused by Tesla’s technology, the company’s share price took a hit in today’s session.

$TSLA ended the day down 3.40%, with the NASDAQ trading 0.98% lower.

Related: GameStop & Tesla: A famous investor looks for his new Big Short

Bitcoin drops 15% to start the week

Although recent weekends have seen a rise in the prices of cryptocurrencies, this past weekend saw valuation significantly drop.

This drop in value was especially prevalent in Bitcoin which fell by close to 15% in the last 24 hours.

After trading as high as $63,853 on Sunday, BTCUSD fell to an intraday low of $54,286 on Monday.

Many believe that the drop could be attributed to some reports suggesting that the US Treasury was set to announce a crackdown on money laundering using digital assets.

Prices have now seemed to have found their support level and remain steady at the $55,00 point.

Manchester United stock rises on Super League announcement

Manchester United’s share price was significantly higher on Monday as the club announced that it will be part of a new Super League.

The European Super League will see England’s top 6 teams along with 3 from Spain and 3 from Italy join to form an alternative to the UEFA Champions League.

Many have condemned the move as a money grab and believe it would be going against the fundamentals of the sport, however markets seem to have taken to the news.

Shares in $MANU were up by as much as 10% at the opening bell and are now up 6.93% as of writing.

Quote of the day – “You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.”

– Alexander Elder

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.