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Why Tesla Stock Dropped 5% This Morning

TheMotleyFool

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Shares of electric car stock Tesla (NASDAQ: TSLA) slumped more than 5% in early trading Wednesday before paring its losses to close the day down 2.3%.

Granted, most stocks closed the day down Wednesday -- the S&P 500 Index lost 1.75%. But Tesla's decline in particular was interesting given the context of what's happening with the company in California...and in Texas.

Image source: Getty Images.

Source Fool.com

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