Tesla's Down, but This Crypto Stock Is Truly Getting Crushed
The stock market put in a mixed performance on Thursday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) making solid gains while other major market benchmarks lost ground. The performance of a single company helped boost the Dow substantially, while overall, investors seemed uncertain about what the macroeconomic picture will look like in the near future.
Among declining stocks, Tesla (NASDAQ: TSLA) was the most notable company, as its investor presentation late Wednesday left shareholders wanting more. However, a stock related to the cryptocurrency industry took a much harder hit on Thursday, as the company expressed doubts about its future as a going concern. Read on for more about what Tesla said and to find out which stock dealt shareholders a much steeper loss.
Shares of Tesla dropped 7% in early-afternoon trading on Thursday. The move lower came as shareholders seemed disappointed by what they heard -- and didn't hear -- at the company's investor day presentation.
Source Fool.com
