Why Tesla Stock Fell This Week
Shares of (NASDAQ: TSLA) were falling again this week, according to data from S&P Global Market Intelligence. The electric vehicle (EV) leader is seeing increased pricing competition from Chinese players and weak sales in the important East Asian market. It also had to deal with a fire that has temporarily halted production at its German factory.
The once-beloved stock is now off 56% from its all-time high and down 10% in the last three years. Over the same time period, the Nasdaq-100 is up 47%.
This week, it was down by 11.8% as of 9:13 a.m. ET on Friday.
Source Fool.com
Tesla Inc Stock
€160.90
0.210%
Our community is currently high on Tesla Inc with 55 Buy predictions and 25 Sell predictions.
With a target price of 250 € there is a hugely positive potential of 55.38% for Tesla Inc compared to the current price of 160.9 €.
