Tesla Disappoints as Nasdaq Falls; Why Zoom's Still Climbing
The stock market can't seem to decide which way to go, and that's made September a bumpy month for the Nasdaq Composite (NASDAQINDEX: ^IXIC). After it posted a significant gain Tuesday, investors were less confident in the benchmark's prospects on Wednesday. By around 3:30 p.m. EDT, the Nasdaq was down almost 3%.
Many investors had hoped that Tesla (NASDAQ: TSLA) might be able to spur another rally in the Nasdaq on Wednesday, with its Battery Day event having occurred late Tuesday afternoon. That proved not to be the case. However, Zoom Video Communications (NASDAQ: ZM) managed to keep up its end of the bargain, helping to offset losses from other tech giants.
Tesla shares were down another 10% on Wednesday, adding to losses from Tuesday's session. As CEO Elon Musk had suggested might prove to be the case, investors weren't satisfied with what Tesla revealed on Battery Day.
Source Fool.com
