Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Tesla Stock Dropped Monday

TheMotleyFool

0 0

Why Tesla Stock Dropped Monday: https://g.foolcdn.com/editorial/images/720572/0x0-model_y_01.jpg

Tesla (NASDAQ: TSLA) shares are starting the week on a down note. The stock began 2023 with impressive gains of more than 50% as many investors bought the dip after a 65% correction in 2022.

But some industry watchers now see potential trouble ahead, particularly in Tesla's second-largest market. The stock dropped as much as 4.7% Monday morning and remained lower by 2% as of 11:11 a.m. ET.

An analysis released by Reuters today pointed out that Tesla has an uphill battle in the important Chinese market even after its recent success in bolstering demand with vehicle price cuts.

Source Fool.com

Like: 0

TSLA

Share