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Why Tesla Stock Dipped on Wednesday

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) slipped on Wednesday, declining as much as 3.2%. As of 2 p.m. ET, the stock was down 2.1%.

The stock's decline was likely primarily in line with weakness in many growth stocks on Wednesday, ahead of the Federal Reserve meeting at 2:30 p.m. ET. But as the Fed meeting commenced, shares recovered some. As of 2:25 p.m. ET, the stock was down about 1.1%.

Image source: Tesla.

Source Fool.com

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