View of Tesla factory. Tesla shares fell drastically and the NASDAQ fell along with it

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

Eliman Dambell

Senior Market Analyst
edambell@tvmarkets.com