Why Tesla Stock Is Plummeting Today
Shares of Tesla (NASDAQ: TSLA) are trading lower on Tuesday. The company's stock lost 7.3% as of 10:45 a.m. ET and lost as much as 7.6% earlier in the day. The drop comes as the S&P 500 lost 0.9%, and the Nasdaq Composite lost 1.7%.The electric vehicle (EV) pioneer is seeing its sales in Europe crumble according to a report by Bloomberg released Tuesday.New sales of Tesla vehicles throughout Europe hit their lowest point in years, despite overall sales of EVs soaring in Europe in the same period. The company's January sales were down 45% year over year while EV sales industrywide were up 37%. The 9,945 new cars Tesla registered are a far cry from last year's 18,161.Continue reading
Shares of Tesla (NASDAQ: TSLA) are trading lower on Tuesday. The company's stock lost 7.3% as of 10:45 a.m. ET and lost as much as 7.6% earlier in the day. The drop comes as the S&P 500 lost 0.9%, and the Nasdaq Composite lost 1.7%.
The electric vehicle (EV) pioneer is seeing its sales in Europe crumble according to a report by Bloomberg released Tuesday.
New sales of Tesla vehicles throughout Europe hit their lowest point in years, despite overall sales of EVs soaring in Europe in the same period. The company's January sales were down 45% year over year while EV sales industrywide were up 37%. The 9,945 new cars Tesla registered are a far cry from last year's 18,161.
