Why Tesla Stock Is Down Sharply Today

Shares of Tesla (NASDAQ: TSLA) tumbled on Thursday, declining more than 4% as of 12:40 p.m. ET. The stock is likely down because of knee-jerk selling in many growth stocks on Thursday, following the Federal Reserve's commentary yesterday about its expectations to raise interest rates next year.

The growth stock's decline extends a bearish trend for the electric car maker's shares recently. Share have fallen a total of 15% in December alone.

Tesla factory. Image source: The Motley Fool.

Continue reading

Source Fool.com