Why Tesla Stock Fell Sharply on Wednesday
Shares of Tesla (NASDAQ: TSLA) were pummeled early Wednesday morning. The stock fell as much as 7.4% early. As of 11:45 a.m. EST, however, it's down only 3.1%.
The stock's big hit this morning was likely due to a tweet last night from noted investor Michael Burry. The former hedge fund manager, who is well known for predicting and profiting from the subprime mortgage crisis, said he is currently shorting Tesla stock.
Model 3. Image source: Tesla.
Source Fool.com
