Why Shares of Tesla Are Sinking Today
Shares of electric vehicle maker and robotaxi company (NASDAQ: TSLA) traded nearly 4% lower as of 12:25 p.m. ET today. Big tech is struggling, and there appears to be more drama brewing over Tesla CEO Elon Musk's massive proposed pay package.
Big tech sold off today after investors were unimpressed with earnings reports from Meta Platforms and , sending other large tech stocks down. Federal Reserve chair Jerome Powell yesterday said publicly that investors shouldn't count on a guaranteed interest rate cut at the Fed's December meeting.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€377.35
-0.070%
Currently there is a rather positive sentiment for Tesla Inc with 117 Buy predictions and 46 Sell predictions.
As a result the target price of 400 € shows a slightly positive potential of 6.0% compared to the current price of 377.35 € for Tesla Inc.
