Why Tesla Stock Is Getting Crushed Today
Shares of the electric-car maker Tesla (NASDAQ: TSLA) continued its struggles to open the week of trading, falling roughly 8.3% as of 10:17 a.m. ET today after a Wall Street analyst lowered his price target on the stock and maintained a sell rating.
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Read MoreStock Market Comeback Erased: S&P 500 Sinks To 6-Month Low As Trump Says Don’t ‘Watch The Stock Market’
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Read MoreTop Stock Movers Now: Tesla, DexCom, Strategy, and More
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U.S. equities continued their selloff on worries about the U.S economy possibly heading toward a recession.
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Tesla shares sank as the blowback against CEO Elon Musk’s involvement in federal spending cuts intensified.
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Read MoreTesla Shares Plunge as Musk’s Political Role Grows More Divisive
Tesla shares plunged on Monday, hitting their lowest point since before Election Day, as investors registered the impact of falling sales and increasing protests over the high-profile political role that Elon Musk, the company’s chief executive, has taken on.
In afternoon trading, the electric-car maker’s shares were down more than 13 percent for the day,
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Read MoreDow Jones Recovers After a Week-Long Stock Market Selloff
The Dow Jones Industrial Average (DJIA) is recovering today after the index suffered throughout the week alongside a stock market selloff. That selloff came after President Donald Trump further escalated his trade war with other countries via tariffs. This has shaken investor confidence and created stock market volatility. Additionally,
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Market Commentary: 1 Wildly Undervalued Growth Stock
In 2019, Etsy share price hovered around the $50-60 range. Then the pandemic came in full force and Etsy got swept up with “lockdown era” stocks like Zoom. In a virtual heartbeat, Etsy was trading up at $294 per share by November, 2021.
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1 Social Media Stock To Avoid In 2024
When a stock has soared 63% for the year it’s a risky proposition to step in the way of the momentum freight train and short it, but sometimes the highest flying stocks create setups for the biggest crashes. One social media stock that went on a huge run this year falls squarely into that category.
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