Why Tesla Stock Is Slumping Today
Tesla (NASDAQ: TSLA) stock has been in recovery mode lately. After a months-long decline to start the year, shares have soared more than 40% in the last month. Much of that rebound came after CEO Elon Musk told analysts that he planned to spend more time at the electric vehicle (EV) maker and less in his role in Washington, D.C.The stock is slumping today, however, as many investors shift their focus to the EV business itself. And the numbers don't look promising. Shares dipped as much as almost 5% Monday morning and remained lower by 3.3% as of 11:35 a.m. ET.Image source: Tesla.Continue reading
Tesla (NASDAQ: TSLA) stock has been in recovery mode lately. After a months-long decline to start the year, shares have soared more than 40% in the last month. Much of that rebound came after CEO Elon Musk told analysts that he planned to spend more time at the electric vehicle (EV) maker and less in his role in Washington, D.C.
The stock is slumping today, however, as many investors shift their focus to the EV business itself. And the numbers don't look promising. Shares dipped as much as almost 5% Monday morning and remained lower by 3.3% as of 11:35 a.m. ET.
Image source: Tesla.
