Why Tesla Stock Fell Sharply (Again) on Wednesday
Shares of Tesla (NASDAQ: TSLA) were hit hard on Wednesday. The stock fell 4.8% by the time the market closed.
The stock is likely down primarily because of a decline in the overall market that weighed particularly heavily on growth stocks like Tesla. However, shares may also be down because of a note from Morgan Stanley analyst Adam Jonas about Ford's new electric Mustang Mach-E taking market share from Tesla in February.