why did tesla stock drop so much today

Tesla bulls are still feeling the buzz from a whirlwind rally that started with the companys fourth-quarter earnings result on. Tesla stock closed down 1199 on Tuesday extending losses for a second day after CEO Elon Musk over the weekend proposed selling 10 of his shares in the electric.

Tesla Drops 12 For Biggest Fall This Year

As of 1045 am.

. Shares of Tesla TSLA fell 6 Tuesday after closing. The growth stocks decline is likely primarily. The electric car maker s stock fell as much as 72.

So what Buoyed by optimism about its leadership within the fast-growing EV market and. NEW YORK TheStreet -- Shares of Tesla Motors TSLA - Get Tesla Inc Report are down 039 to 25277 in afternoon trading on Monday after analysts projected that the. The company managed to disappoint bulls by not doing something it never said it would do.

The low in the last 52 weeks of Tesla stock was 57128. Revenue also beat forecasts coming in at 1772 billion versus the 1635. Tesla beat on earnings per share EPS coming in at 254 versus the 226 average estimate.

The broader pullback appears to have been the biggest. Tesla the hottest stock in the market for more than a year has sunk into bear market territory. Higher raw material costs are necessitating price increases on Tesla vehicles which could dampen consumer.

TSLA dropped sharply in Wednesday early afternoon trading falling 52 through 1210 pm. Baillie Gifford the automakers largest shareholder on Wednesday. Many shares of growth stocks like Tesla were down several percentage points or more on.

TSLA fell 61 on Thursday with shares closing at 100380 each. Wall Street lauded the results. EST however the stock was down 4.

What was the 52-week high for Tesla. Why Is Tesla Worth So Much. You can blame two Wall Street analysts for.

After the market open Tesla shares plunged over 16. Tesla shares dropped by more than 11 in Thursday trading after the company said it would not produce new model vehicles in 2022 and is not yet working on a 25000. According to the current price Tesla is 11621 away from the 52-week low.

Tesla opened the year with strong fourth-quarter delivery numbers sending shares up 135 on the first trading day of the new year. TSLAfell on Monday declining as much as 72. After the surge in Teslas share price Tesla has raised so much.

To the contrary on top of the shutdown today were hearing. As Barrons reports this morning Tesla sold fewer than 26000 electric vehicles in China in April a 26 sequential slide from the 35000 units moved in March. TSLA shares are going to take a sharp dive as interest rates.

So why is the share price of the Elon Musk-owned giant dropping so rapidly. Shares of electric vehicle EV kingpin Tesla NASDAQ. The main reason that Tesla was so heavily shorted in the past is that they were in danger of running out of cash.

New York CNN Business. The stock was likely down because of the pressure on growth stocks this week. At long last its official.

Why Tesla Stock Popped Today. Barring a shareholder revolt or a veto by regulators Tesla TSLA -087 CEO Elon Musk will be buying Twitter TWTR -111 in a deal valued at 44. Shares of Tesla fell as much as 9 in intraday trading Thursday extending a 6 loss from Wednesday.

By the close of trading Teslas stock price was down 4 after falling as much as 13 earlier in the day. Teslas shares have plummeted more than 34 in the past week marking a huge reversal in fortune for what has been one this years hottest. The selloff is mainly due to the disappointment around the fact that Tesla didnt become part of the SP 500 index.

Shares of TeslaNASDAQ. Tesla is Still Flying High of Fourth Quarter Earnings. September 8 2020 327 PM PDT.

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