Why Tesla Stock Fell Sharply on Wednesday
Shares of Tesla (NASDAQ: TSLA) tumbled on Wednesday. A half hour into the trading day, the stock was down about 7%.
The growth stock's downturn follows the electric-car maker's Battery Day event, which included news on the automaker's plans for battery design and manufacturing. The stock's decline suggests investors were largely underwhelmed with the announcements made Tuesday.
Source Fool.com