Tesla Motors Inc TSLA shares are trading lower by $4.74 (2.2 percent) at $215.00 in Thursday's session.
A possible catalyst some traders are attributing for the move lower is a YouTube video from December 19 of an owner discussing problems with his Model S.
Another possible catalyst is weakness in NVIDIA Corporation NVDA after Citron's Andrew Left said Wednesday that the computing company's massive runup is overdone. NVIDIA is a chip supplier for Tesla's Autopilot system.
The stock, a bit weak off the open, was unable to regain its closing price from Wednesday ($219.74), only reaching $219.20 in early trading. Once the video began to circulate, the pace of the selloff accelerated.
The ensuing decline has taken the issue just beyond Tuesday's low ($214.42), reaching $214.12 before attempting to rebound. At this time, the rebound has been capped at $216.13. Over the past hour, the issue has been consolidating at the $215.00 area.
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