Tesla Stock Drop Reason

Tesla Stock Drop Reason. But the negative headlines and the falling stock price are failing to recognize some. The reason is the battery pack.

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Canaccord Genuity analyst Jed Dorsheimer downgraded the stock to hold from buy and. Here's what really caused the bump. In retrospect, however, no TSLA stock owner can truly claim to be shocked or Last week, Morgan Stanley also dropped analytical coverage of TSLA stock around the same time Musk tweeted it too was serving Tesla as an advisor.

Electric vehicles, or EVs, are more expensive than cars powered by internal combustion engines.

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While the company beat average analyst estimates, delivery numbers were. The reason is the battery pack. Tesla, which hasn't been accused of wrongdoing, declined to comment. 'I Wish'.