i_SVG Created with Sketch.

Capital Markets Elite Group is not a registered U.S. broker-dealer. It does not accept a U.S. Person as a client if that person was solicited by Capital Markets Elite Group. (The definition of “U.S. Person” is here.) Capital Markets Elite Group will rely on a certification from a potential customer that the potential customer either is not a U.S. Person or has not been solicited, directly or indirectly, by Capital Markets Elite Group and has not been induced by Capital Markets Elite Group to engage in securities transactions. In particular, they must certify that they were directed to this website by someone other than Capital Markets Elite Group. They must also certify that they understand that they will not be protected by U.S. laws, regulations and supervisory structures applicable to broker-dealers registered in the U.S. and they do not expect such protections to apply. You should give these certifications only if they are true. If you wish to proceed to the website knowing that, please click “Continue” below. Otherwise click “Leave Website”

Leave Website
  • Products
    Products

    Capital Markets Elite Group provides you with a range of online trading and investment products. Learn more about us and our tools to help build your portfolio.

  • Platforms
    Platforms

    View Capital Markets Elite Group’s suite of easy-to-use, powerful and high-tech online stock trading platforms to see which fits your trading needs best.

  • Pricing
    Pricing

    Each product and online trading platform offered by Capital Markets Elite Group has unique features and capabilities with no hidden costs.

  • Services
    Services

    Capital Markets Elite Group offers services in addition to our trading platforms to grow your portfolio and supply you with assistance where you need it most.

  • Company
    Company

    Capital Markets Elite Group is an online brokerage and independent asset management firm that's customer-focused and results-driven. Let us know how we can further support you.

Start Trading
Tesla Stock Plunges erasing $126 Billion in a Single Day

Tesla Stock Plunges erasing $126 Billion in a Single Day

Tesla Inc. erased approximately $126 billion from its valuation on Tuesday on concerns that Elon Musk may sell his shares to complete his $44 billion acquisition of Twitter Inc. Tesla’s stock price plunged during a broader selloff in equity markets globally due to investor concerns over persistent inflation and reduced economic expansion. High growth stocks have been mostly affected by investor fears as the Federal Reserve prepares to engage in a series of interest rate hikes.

Tesla Stock ChartSource: Cap-it-ALL Platform

The market capitalisation of the electric car maker has lost more than $250 billion since the beginning of April this year as a result of Musk’s takeover bid over Twitter Inc. That would amount to a plunge of approximately 23% over the period. However, investors feel a sense of concern as Musk has left market participants in the dark about how he is going to fund the $21 billion equity stake. They are only aware that he is using Tesla shares as collateral as a personal guarantee, and this may lead to Musk liquidating some of his Tesla shares to finance the Twitter acquisition.

Analysts at JP Morgan and Citigroup has reiterated a sell recommendation of Tesla’s stock price with a price target of $395 and $375 respectively. However, analysts at Goldman Sachs maintained a buy recommendation of Tesla’s stock price with a price target of $1,200 while analysts at Wells Fargo maintained a hold position of the stock at a price target of $960.