Tesla Weighs on Nasdaq -- Will Investors Believe Musk This Time?

The stock market has been on edge, and that showed up in the way that major market benchmarks moved early Tuesday. For the Nasdaq Composite (NASDAQINDEX: ^IXIC), the news was a little bit better than for the broader market. The Nasdaq picked up about 0.2% shortly before noon EDT, compared to losses for the Dow and S&P 500.

Helping to lead the charge for the Nasdaq in 2020 has been Tesla (NASDAQ: TSLA). The electric-vehicle pioneer never fails to make news, and with its Battery Day presentation imminent, investors can hardly wait to see what Tesla CEO Elon Musk has to show them. Yet as we saw a while back with a comment about Tesla's stock price, Musk once again said something that seemed designed to try to tamp down some of the euphoria surrounding the company and its shares.

Tesla's shares were down almost 6% on Tuesday morning. As investors prepare for this afternoon's Battery Day presentation, Musk tried to be realistic about what they're going to see later today.

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Source Fool.com