Why did Tesla stock plummet today?
cemagraphics/iStock via Getty Images Tesla (NASDAQ:TSLA) fell 12.18% on a harsh day for the electric vehicle sector as a whole and with all the major stock indexes hit hard. Investors pushed Tesla (TSLA) to its lowest level in eight weeks as they weighed the impact of Elon Musk buying Twitter. While TSLA would have to fall another 40% for Musk to see a margin call on his pledged shares used to help finance the Twitter purchase, some traders see an overhang with Tesla more closely tied to potential geopolitical battles over the social media site.
More Stories
Hold on to your shares: Peloton Interactive Inc. (PTON) Stock
JMP Securities raised the price target for the Peloton Interactive Inc. (NASDAQ:PTON) stock from ‘a Mkt perform’ to ‘a Mkt outperfo
8×8 Inc. (EGHT) Stock is Just Right Size-Neither Too Big Nor Too Small
MKM Partners raised the price target for the 8×8 Inc. (NYSE:EGHT) stock to ‘a Neutral’. The rating was released on June 04, 2023, a
KnowBe4 Inc. (NASDAQ:KNBE) stock Posted Operating Margin of -2.50 percent in Last Year: Is Admissible?
Stephens raised the price target for the KnowBe4 Inc. (NASDAQ:KNBE) stock to ‘an Overweight’. The rating was released on May 26, 2023, acc
It’s an all-out bull run for Fiserv Inc. (FISV) Stock
Goldman raised the price target for the Fiserv Inc. (NASDAQ:FISV) stock to ‘a Neutral’. The rating was released on May 18, 2023, according
The Bank of New York Mellon Corporation (BK) Stock to return to profitability in the near future
Deutsche Bank lowered the price target for the The Bank of New York Mellon Corporation (NYSE:BK) stock from ‘a Buy’ to ‘a Hold
Pioneer Natural Resources Company (PXD) Stock: Thought Concerns
BofA Securities raised the price target for the Pioneer Natural Resources Company (NYSE:PXD) stock from ‘a Buy’ to ‘a Neutralȁ