Why Tesla Stock Fell Sharply on Wednesday

Shares of Tesla (NASDAQ: TSLA) tumbled on Wednesday. A half hour into the trading day, the stock was down about 7%.

The growth stock's downturn follows the electric-car maker's Battery Day event, which included news on the automaker's plans for battery design and manufacturing. The stock's decline suggests investors were largely underwhelmed with the announcements made Tuesday.

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Source Fool.com