Why Tesla Stock Is Sinking Today
Shares of Tesla (NASDAQ: TSLA) are losing ground in Thursday's trading session. The electric vehicle leader's stock was down roughly 6% at 10:15 a.m. today. Meanwhile, the Nasdaq Composite index was up roughly 0.3%.
The sell-offs appear to be connected to CEO Elon Musk's recently accepted bid to purchase Twitter for $44 billion. In addition to worries that Musk will sell a significant amount of Tesla stock in order to fund his acquisition of the social media company, shareholders have other concerns related to the move.
Image source: Tesla.
Source Fool.com
