Why Tesla Stock Tumbled 28% in February
After soaring following the election, Tesla (NASDAQ: TSLA) stock ran into a wall in February as a number of news items, macro challenges, and CEO Elon Musk's involvement in the Department of Government Efficiency (DOGE) initiative all seemed to contribute to a sharp pullback in the stock.
When the dust settled for February, the stock had lost 28%, according to data from S&P Global Market Intelligence.
As the chart below shows, the stock fell through most of the month.
Source Fool.com
Tesla Inc Stock
€400.50
-3.930%
Our community is currently high on Tesla Inc with 106 Buy predictions and 41 Sell predictions.
With a target price of 408 € there is a slightly positive potential of 1.87% for Tesla Inc compared to the current price of 400.5 €.
