Tesla's Surprise Just Shocked the Stock Market

Like it or hate it, Tesla (NASDAQ: TSLA) gets a huge amount of attention from investors. When news affects the electric vehicle pioneer, people take notice -- and the moves of its stock can affect the entire market.

Thursday was a generally weak day on Wall Street, as investor enthusiasm for popular meme stocks gave way to nervousness about the sustainability of their recent gains. Losses for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) weren't extreme, but a surprising announcement from Tesla in the middle of the day seemed to take the wind out of the market's sails and could point to trouble ahead not just for the automaker's stock but for markets more broadly.

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Source Fool.com