Why Tesla Stock Slid 11.4% in January
Shares of Tesla (NASDAQ: TSLA) slid 11.4% in January, according to data provided by S&P Global Market Intelligence. The leader in electric vehicle manufacturing reported strong growth across the board in its fourth-quarter report, but it wasn't enough for investors, who collectively sold off the stock after the results.
On top of this, high-growth stocks like Tesla are seeing macroeconomic pressures from the threat of interest rate hikes by the Federal Reserve, which are likely to start happening this spring.
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Source Fool.com