Why Shares of Tesla Are Sinking Today
Shares of the electric vehicle (EV) company (NASDAQ: TSLA) traded nearly 5% lower as of 11 a.m. ET Wednesday. New data today shows that Tesla's EV sales continue to struggle abroad, as consumers opt for EVs sold by competitors.
Data in recent months has indicated that Tesla's second-quarter EV deliveries could come in weak, after only delivering roughly 337,000 deliveries in the first quarter of the year, the lowest level seen in over two years.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€380.05
-0.690%
Currently there is a rather positive sentiment for Tesla Inc with 116 Buy predictions and 48 Sell predictions.
As a result the target price of 398 € shows a slightly positive potential of 4.72% compared to the current price of 380.05 € for Tesla Inc.
