Why Tesla Stock Fell Sharply on Tuesday
Shares of electric-car maker Tesla (NASDAQ: TSLA) tumbled on Tuesday, declining as much as 9.7%. As of 12:23 p.m. EDT, however, the stock was down 6.7%.
The primary reason for the stock's decline is bearishness in the overall market. A sell-off in the broader market on Tuesday is hitting growth stocks like Tesla particularly hard.
Model 3. Image source: Tesla.
Source Fool.com