Why Tesla Stock Lost 13% in March
March was another tough month for Tesla (NASDAQ: TSLA) as the leading electric vehicle maker continued to face challenges related to production and demand.
There weren't any major reasons for the sell-off, but analyst sentiment on the stock seemed to sour heading into its first-quarter earnings report later this month, and the company was forced to temporarily shut down its German factory after an arson attack on the electrical grid.
According to data from S&P Global Market Intelligence, the stock fell 13% last month. As you can see from the chart below, most of its losses came in the first half of the month.
Source Fool.com
Tesla Inc Stock
€230.50
4.940%
Currently there is a rather positive sentiment for Tesla Inc with 70 Buy predictions and 27 Sell predictions.
As a result the target price of 247 € shows a slightly positive potential of 7.16% compared to the current price of 230.5 € for Tesla Inc.
