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
€345.15
0.540%
Our community is currently high on Tesla Inc with 110 Buy predictions and 46 Sell predictions.
With a target price of 395 € there is a slightly positive potential of 14.44% for Tesla Inc compared to the current price of 345.15 €.
