Why Tesla Stock Plummeted Monday
Shares of electric-car company Tesla (NASDAQ: TSLA) were slammed on Monday. The stock fell as much as 19.1%. As of 1:27 p.m. EDT, however, the stock was down about 15%.
The stock's sharp decline is likely due to the market's overall sell-off on Monday. Growth stocks like Tesla were hit particularly hard. But a lowered price target for the stock by a Wall Street analyst likely also played a role in the stock's decline.
Image source: Tesla.
Source Fool.com
