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.

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Source Fool.com