Big Tech Sell-Off: Will Tesla Be the Next Domino to Fall?
On Oct. 25, the Nasdaq Composite suffered its worst daily decline since Feb. 21, led by a 9.5% slide in Google parent company Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), a 5.6% decline in Amazon (NASDAQ: AMZN), and declines of over 4% in Nvidia (NASDAQ: NVDA) and Meta Platforms (NASDAQ: META).
Nvidia, Meta Platforms, and (NASDAQ: TSLA) have been three of the five best-performing S 500 stocks so far this year. But Tesla stock fell hard after its Q3 earnings disappointed investors. Still up big on the year, is Tesla stock due for a further correction, or should investors consider buying the dip on the electric car stock?
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Source Fool.com