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Why Tesla Stock Is Falling Today

TheMotleyFool

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Investors are sending Tesla's (NASDAQ: TSLA) share price sliding today as they process a few bits of news, including that the company's CEO, Elon Musk, is now Twitter's largest shareholder and that the Federal Reserve could accelerate its plans to tackle inflation.

As a result, the electric vehicle stock was down by 4.5% as of 10:27 a.m. ET.

Let's start with comments made by Federal Reserve Governor Lael Brainard yesterday, in which she said that the Fed "will continue tightening monetary policy methodically through a series of interest rate increases and by starting to reduce the balance sheet at a rapid pace as soon as our May meeting."

Source Fool.com

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