Why Tesla Stock Sank Today
(NASDAQ: TSLA) stock closed out Thursday's trading in the red. The company's share price moved 3.5% lower in a daily session that saw the S 500's level decline 0.5% and the Nasdaq Composite's level slip 1.1%.
Tesla reported its first-quarter results after the market closed yesterday, delivering earnings that beat Wall Street's forecast despite sales that came in below expected levels. In addition to some concerns regarding the company's forward spending profile, a bearish shift on tech stocks also weighed on Tesla's valuation today.
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Source Fool.com
Tesla Inc Stock
€269.85
0.840%
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a hugely positive potential of 51.94% for Tesla Inc compared to the current price of 269.85 €.
