Why Tesla Stock Fell Further on Tuesday

Shares of Tesla (NASDAQ: TSLA) took a hit on Tuesday, extending a sharp decline that occurred on Monday. The growth stock fell as much as 11.3% at its worst point during the trading day. But as of 10:45 a.m. EST, the stock is down 5.7%.

While it's unclear exactly why shares are down on Tuesday, it may simply represent extended downward momentum from yesterday's decline. In addition, the stock may be taking a breather after an epic run-up last month.

Model Y. Image source: Tesla.

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Source Fool.com