Why Tesla Stock Is Plummeting Today
(NASDAQ: TSLA) stock is sinking Thursday following the company's latest quarterly report. The electric vehicle (EV) leader's share price was down 8.5% as of 10:30 a.m. ET amid a 0.1% gain for the S 500 and flat trading for the Nasdaq Composite. The stock had been off as much as 9.5% earlier in trading.
Tesla published its second-quarter results after the market closed yesterday, and the results came in below already lowered expectations. Adding more bearish pressures, the company issued some potentially concerning guidance, and a new report also showed that the automaker was continuing to lose market share in Europe.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€395.90
-2.090%
Currently there is a rather positive sentiment for Tesla Inc with 103 Buy predictions and 40 Sell predictions.
As a result the target price of 408 € shows a slightly positive potential of 3.06% compared to the current price of 395.9 € for Tesla Inc.
