Skip to main content

Market Overview

Why Tesla's Stock Is Trading Lower Today

Share:
Why Tesla's Stock Is Trading Lower Today

Tesla Inc (NASDAQ: TSLA) shares are trading lower on Thursday amid some continued profit-taking after the stock's huge run in recent weeks.

The weakness follows Wednesday's news that investment management firm Baillie Gifford reduced its stake in order to reflect concentration guidelines.

Tesla CEO Elon Musk also met with the German economy minister Peter Altmaier in Berlin on Wednesday. Musk has been told by Germany’s economy minister that he can have whatever he needs for his new electric vehicle manufacturing plant in Berlin.

Tesla's stock was trading down 7.3% to $414.64 per share at the time of publication on Thursday.

Related Links:

What's Behind The 'Parabolic' Rise In Tesla?

Is Tesla Pulling Off A 'Business Miracle'?

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: why it's movingNews Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com