Last week, the market was a real rollercoaster as it plunged more than a percent on Thursday afternoon only to recover most of it Friday on a better-than-expected jobs report. Despite all the excitement the S&P 500 ($SPX) (SPY) still finished the week off almost 1%.
Friday was also exciting for Tesla (TSLA) when Reuters came out and stated they planned to scrape their low-cost EV plans. The stock dropped over 5% on the news. It rebounded swiftly when Musk came out and rebutted them on twitter, but it didn’t last long as the stock ended the week down over 6%.
