Tesla (TSLA - Get Report) is the sixth worst performer in the Russell 1000 so far in the second half of 2017 after the company's stock tumbled nearly 12% since the end of June. It was the seventh best performer in the first half of 2017.
The stock rallied 69% in the first half of the year before tumbling since the start of July on lackluster 2Q deliveries figures, disappointing safety test results and reports of zero sales for the company in Hong Kong in April.
Tesla stock is up almost 2% Tuesday morning.
What's Hot On TheStreet
The watch was made in conjunction with Alphabet's (GOOGL - Get Report) Google and Qualcomm Technology (QCOM - Get Report) and starts at a lofty $2,450. It works with both Apple and Android devices, and is the first Android Wear smartwatch that functions in China.
Yes, it's Amazon Prime Day: Although many probably have Amazon (AMZN - Get Report) Prime Day fatigue right now, that doesn't mean they won't be spending aggressively on big digital deals. Amazon stands to ring up more than $2 billion in sales worldwide during the 30-hour sale known as Prime Day, Internet Retailer predicts. The gain would mark about a 21% increase from a year ago. U.S. sales alone are pegged at $1.56 billion, up 20% from last year, TheStreet reports.
Bitcoin has crashed: Traders that have rode the wave higher in Bitcoin via cryptocurrency plays such as Advanced Micro Devices (AMD - Get Report) and Nvidia (NVDA - Get Report) may want to reconsider their bullishness. Bitcoin prices entered into bear market territory Tuesday, TheStreet reports, as an embarrassing legal case kicked off in Japan and experts continue to squabble over key changes to the cryptocurrency's infrastructure.
Bye-bye regulations: President Trump late Monday nominated former Treasury official Randal Quarles as the Federal Reserve's top bank supervisor. As TheStreet's Ron Orol reports, the nomination could lead the way to a dismantling of many Obama Administration bank regulations and is one that is expected to send a positive signal for now to big and regional bank stocks. Orol points out that the appointment could boost bank stocks such as Bank of America (BAC - Get Report) , Wells Fargo (WFC - Get Report) , Citigroup (C - Get Report) and Goldman Sachs (GS - Get Report) in the near-term.
Apple, Alphabet, Wells Fargo and Citigroup are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL, GOOGL, WFC and C? Learn more now.
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