Why Tesla Stock Was Slammed Thursday
Shares of electric-car company Tesla (NASDAQ: TSLA) took a hit on Thursday, falling as much as 14.8%. As of 1:08 p.m. EDT, the stock was down 14%.
The stock's slide follows the company's worse-than-expected second-quarter results and news that the chief technology officer, JB Straubel, is stepping down.
Teslas being assembled. Image source: author.
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