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Why Tesla Stock Is Sinking Today

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) are losing ground in Thursday's trading session. The electric vehicle leader's stock was down roughly 6% at 10:15 a.m. today. Meanwhile, the Nasdaq Composite index was up roughly 0.3%.

The sell-offs appear to be connected to CEO Elon Musk's recently accepted bid to purchase Twitter for $44 billion. In addition to worries that Musk will sell a significant amount of Tesla stock in order to fund his acquisition of the social media company, shareholders have other concerns related to the move.

Image source: Tesla.

Source Fool.com

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