Why Is Tesla Stock Dropping Today?
(NASDAQ: TSLA) reported financial results for its third quarter after market close Wednesday. The company finally got back to revenue growth. Overall sales increased by 12% compared to the prior-year period. That was the first time revenue grew in the last three quarters.
Yet investors are punishing Tesla shares after the report. The stock sank nearly 6% before paring those losses. As of 10:25 a.m. ET, Tesla stock was down by 3.1%.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€344.30
0.760%
Currently there is a rather positive sentiment for Tesla Inc with 110 Buy predictions and 46 Sell predictions.
As a result the target price of 395 € shows a slightly positive potential of 14.73% compared to the current price of 344.3 € for Tesla Inc.
