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why did tesla stock go down today

by Wyman Gaylord Published 3 years ago Updated 2 years ago
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Today, Tesla shares are down by about 10% while S&P 500 is losing some ground in volatile trading. The main reason for the current downside move is the sell-off in the electric vehicle space. Investors are rushing out of their speculative EV investments as they look worried about valuation of high-flying tech stocks.

Tesla stock price dropped by more than 11% on Thursday in the wake of Tesla's latest earnings call to investors, in which record earnings and profit were overshadowed by the impact of continuing supply chain issues on electric vehicle and product rollouts.Jan 28, 2022

Full Answer

Should you buy TSLA stock?

Apr 14, 2022 · Lowest: 90.00 Median: 712.83 Highest: 1,580.00. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.

When will Tesla stock drop?

Aug 16, 2021 · While a software revision isn't likely to be a material expense for Tesla, NHTSA could also impose fines, or require that Tesla make changes to the vehicles' hardware, or both. That's why the stock...

Why is the Tesla share price tanking?

Apr 11, 2022 · For the second trading day in a row, Tesla ( TSLA-4.96%) stock drove lower on Monday, down 3.7% as of 10:50 a.m. ET. You can blame China for …

Will Tesla stock drop?

Sep 28, 2021 · What happened. Shares of Tesla ( TSLA 1.96% ) stock dropped 2% in 1:05 p.m. EDT trading Tuesday as analysts debated what the third quarter might look like for the electric car leader when results ...

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A new rival just threw some shade on Tesla's Model S

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.

What happened

For the second day in a row, Tesla ( NASDAQ:TSLA) stock dropped Wednesday, closing the day down 2.3%.

So what

In a report out late Tuesday -- one that investors didn't get a chance to react to until today -- IBD discussed a call held with investors by Lucid management, the new electric car company being brought public by the special purpose acquisition company (SPAC) Churchill Capital Corp IV ( NYSE:CCIV).

Now what

From Elon Musk's perspective, this is all probably fine. It was always his intention to ignite an EV revolution, and the more companies that go electric, the better, from his point of view -- especially given his preference for building top-of-the-line electric supercars like the Roadster and Model S.

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