Why Tesla Stock Fell 7.9% This Morning
Shares of Tesla (NASDAQ: TSLA) fell sharply on Monday morning, declining as much as 7.9%. As of 11:30 a.m. EDT, however, the stock was only down 2%.
The growth stock's decline was likely driven primarily by a broader market sell-off on Monday and worries that third-quarter deliveries could be lower than expected. But shares may be recovering much of this loss because investors are looking forward to the electric-car maker's Battery Day event tomorrow, which is expected to include some important product news regarding Tesla's recent innovation in battery technology.
A Tesla Model 3. Image source: Tesla.
Source Fool.com
