why did tesla stock drop so much today

As of this writing it is down more than 8. Shares of electric car company Tesla TSLA -005 drove into a ditch on Friday down 35 as of 1120 am.

Tesla Drops 7 After Goldman Sachs Says The Stock Is Worth 180 Techcrunch

By the close of trading Teslas stock price was down 4 after falling as much as 13 earlier in the day.

. The stock market began this past week on its back foot an appropriate response as investors appeared to realize that they might have overestimated the chances of a dovish Federal Reserve. Teslas market cap has already shed billions Wednesday falling over 10 in early morning trading over fears that the coronavirus outbreak will delay the timeline for new vehicle. TSLA stock is falling on Monday despite a lack of news from the electric vehicle EV company.

Tesla has shed over 10 in. If Musk cant fulfill his promises the stock could give back much of its gains. You can blame China for that.

Although a stable stock price wasnt expected or widely predicted. Tesla shares dropped more than 11 in Thursday trading after the company said it would not produce new model vehicles in 2022 and is not yet working on a hotly anticipated. Shares of Tesla TSLA -010 fell on Friday extending a brutal decline in the electric vehicle makers stock price since it hit new highs in late January.

By the close of trading. Tesla stock is down 32 year to date which can probably be attributed to a high valuation as much as anything else as the stock entered the year trading at over 200 times. Chinas Global Times accentuated the point noting how important the Chinese market is to Teslas growth ambitions producing 53 sales growth in the first quarter.

Tesla stock price dropped by more than 11 on Thursday in the wake of Teslas latest earnings call to investors in which record earnings and profit were overshadowed by the. For the second trading day in a row Tesla TSLA 623 stock drove lower on Monday down 37 as of 1050 am. Instead it looks like the drop in TSLA stock today comes from.

TSLA stock dipped by almost 85 within the first hour of trading today. Since then it has slightly rebounded but remains firmly in the red. Teslas stock price is set to drop at the opening bell Thursday but not because of anything Elon Musk tweeted about demand for electric vehicles full self-driving features.

In twin reports this morning first Piper Sandler cut its price target on Tesla to 1035 per share but maintained its overweight rating and then Exane BNP Paribas cut its price. Teslas stock price is set to drop at the opening bell Thursday but not because of anything Elon Musk tweeted about demand for electric vehicles. Since the sudden growth in 2013 Teslas stock price history has been one of extreme volatility.

Stung by Chinas COVID-19 lockdowns and soaring costs Tesla said on Saturday it delivered 254695 vehicles in the second quarter down about 18 from the first quarter. And yes the whole stock market is in a funk today -- frightened. The drop for Tesla ran counter to a big day for the electric vehicle sector in general with investors rushing back into EV battery and manufacturing names following the.

Why Tesla Stock Dropped Today Nasdaq