Why Tesla Stock Fell Today
Shares of (NASDAQ: TSLA) fell on Monday, declining as much as 5.4% at the day's lows, before recovering to a 3.8% decline as of 2:40 p.m. ET.
Yes, the broader Nasdaq Composite (NASDAQINDEX: ^IXIC) was down as well today, as traders appeared to rotate out of large-cap tech stocks that have already gained an impressive amount this year.
Tesla is certainly in that camp, having roughly doubled in 2023, even after today's decline. However, its decline on Monday was exacerbated by a downgrade from a major Wall Street firm.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 75 Buy predictions and 28 Sell predictions.
As a result the target price of 246 € shows a positive potential of 28.21% compared to the current price of 191.88 € for Tesla Inc.