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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Dollar holds firm as virus restrictions in Asia unnerve investors

05/17/2021 | 08:25am EDT

* Dollar inches higher, commodity currencies drop

* Yuan falls after mixed Chinese data

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

LONDON, May 17 (Reuters) - The dollar held above recent lows on Monday as new COVID-19 restrictions in Asia and mixed economic data in China encouraged investors to stick with safer currencies, while a pullback in commodity prices whacked the Australian and New Zealand dollars.

Bitcoin skidded to a three-month low after Tesla Inc boss Elon Musk suggested at the weekend that the car maker was considering selling or may have already sold some of its holdings in the cryptocurrency. It later recovered slightly.

Easing commodity prices and fresh virus outbreaks in Singapore and Taiwan - where COVID-19 had been contained - helped the dollar.

The Australian dollar fell half a percent to 0.7741 while the New Zealand dollar weakened 0.8% to 0.7193.

The Norwegian crown, which is highly sensitive to oil prices, fell, with the euro adding 0.9% to 10.06 crowns .

The Singapore and Taiwan dollars also dropped, the latter by more than half a percent before recovering some of those losses.

The greenback was little moved against the euro, at $1.2143, and the yen, at 109.19, but it remained above the recent lows hit before higher-than-expected U.S. inflation data last week.

While investor nervousness supported the dollar on Monday, analysts generally expect the greenback to weaken as investors bet on a further rebound in other economies as they reopen.

"The macro agenda this week might allow both the EUR and the GBP to regain further ground against the USD, should preliminary PMI surveys for May, to be released in both areas, offer further signs of optimism, especially in the service indices," said UniCredit analysts, referring to Purchasing Manager Index survey data due out on Friday.

Fed minutes, from an April meeting that predated the inflation data surprise last week, are due on Wednesday and are the next market focus for clues on the central bank's thinking.

Speculators increased their bets against the dollar last week, mostly by adding to bets on the euro and to a lesser extent sterling.

The pound held near a two-and-a-half-month high, at $1.4095, as Britain on Monday took a significant step in reopening its economy after a four-month lockdown.

The offshore yuan slipped slightly to 6.4471 per dollar after a mixed round of economic data showed China's industrial output had slowed and retail sales missed forecasts last month.

"The softer (Chinese) activity data poses some modest downside risks for commodity-related and emerging market currencies, although the negative impact should be limited at the current juncture with commodity prices continuing to trade close to multi-year highs," said MUFG currency analyst Lee Hardman.

(Editing by Kirsten Donovan and Alex Richardson)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) -0.14% 0.93582 Delayed Quote.-4.21%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.00% 0.6363 Delayed Quote.1.03%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.28% 84.514 Delayed Quote.6.71%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) 0.31% 1.08088 Delayed Quote.0.66%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.24% 0.69141 Delayed Quote.1.78%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.53% 0.7706 Delayed Quote.0.69%
BITCOIN - EURO -4.09% 29570.18 Real-time Quote.30.58%
BITCOIN - UNITED STATES DOLLAR -4.27% 35749.77 Real-time Quote.29.19%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.10% 1.83077 Delayed Quote.3.01%
BRITISH POUND / EURO (GBP/EUR) 0.06% 1.1648 Delayed Quote.4.04%
BRITISH POUND / JAPANESE YEN (GBP/JPY) -0.18% 154.733 Delayed Quote.9.86%
BRITISH POUND / NEW ZEALAND DOLLAR (GBP/NZD) 0.42% 1.97931 Delayed Quote.3.66%
BRITISH POUND / US DOLLAR (GBP/USD) -0.45% 1.41056 Delayed Quote.3.63%
CANADIAN DOLLAR / AUSTRALIAN DOLLAR (CAD/AUD) 0.00% 1.068582 Delayed Quote.4.39%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.00% 0.679648 Delayed Quote.5.52%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) -0.26% 90.193 Delayed Quote.11.49%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.8222 Delayed Quote.5.28%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) -0.04% 1.5706 Delayed Quote.-0.98%
EURO / JAPANESE YEN (EUR/JPY) -0.28% 132.785 Delayed Quote.5.70%
EURO / NEW ZEALAND DOLLAR (EUR/NZD) 0.32% 1.69846 Delayed Quote.-0.38%
EURO / US DOLLAR (EUR/USD) -0.53% 1.2108 Delayed Quote.-0.34%
INDIAN RUPEE / AUSTRALIAN DOLLAR (INR/AUD) 0.00% 0.017719 Delayed Quote.-0.86%
INDIAN RUPEE / EURO (INR/EUR) 0.00% 0.011273 Delayed Quote.0.26%
INDIAN RUPEE / JAPANESE YEN (INR/JPY) 0.00% 1.497454 Delayed Quote.5.88%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013654 Delayed Quote.-0.09%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.20% 0.8184 Delayed Quote.-4.72%
MSCI TAIWAN (STRD) 0.59% 710.15 Real-time Quote.17.49%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) -0.62% 78.153 Delayed Quote.6.10%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.89% 0.7125 Delayed Quote.0.11%
TESLA, INC. -0.04% 609.89 Delayed Quote.-13.57%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.39358 Delayed Quote.-1.56%
US DOLLAR / AUSTRALIAN DOLLAR (USD/AUD) 0.00% 1.29769 Delayed Quote.-0.70%
US DOLLAR / EURO (USD/EUR) 0.53% 0.8259 Delayed Quote.0.34%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.22% 109.635 Delayed Quote.6.01%
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Financials (USD)
Sales 2021 49 366 M - -
Net income 2021 3 415 M - -
Net cash 2021 9 077 M - -
P/E ratio 2021 195x
Yield 2021 -
Capitalization 588 B 588 B -
EV / Sales 2021 11,7x
EV / Sales 2022 8,60x
Nbr of Employees 70 757
Free-Float 80,4%
Chart TESLA, INC.
Duration : Period :
Tesla, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 663,03 $
Last Close Price 609,89 $
Spread / Highest target 96,8%
Spread / Average Target 8,71%
Spread / Lowest Target -75,4%
EPS Revisions
Managers and Directors
NameTitle
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio J. Gracias Independent Director
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