Tesla Inc TSLA shares were trading lower by $13.00 (4 percent) at $314.09 in Thursday's session. The stock was more than $60, or 16 percent, lower from Monday's high ($371.35) when it reached $309.61 earlier in today's session.
Andrew Left kept the bearish momentum in tact, feeding off Goldman Sachs target price reduction. After Wednesday's close, Left stated his extremely bearish thesis on CNBC and inflicted more pain on Tesla bulls.
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After a lower open, the stock couldn't come close to the lower-end of Wednesday's range ($326.33) as the limp rally off the open stalled at $320.79. So far, the continuation move lower has taken the stock to $309.61, but was attempting to remain in the $312.00 handle at time of writing. Editor's note: At time of publication, the stock was trading around $316.40.
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