Why Shares of Tesla Are Sinking Today
Shares of the electric vehicle (EV) company (NASDAQ: TSLA) traded nearly 5% lower as of 11 a.m. ET Wednesday. New data today shows that Tesla's EV sales continue to struggle abroad, as consumers opt for EVs sold by competitors.
Data in recent months has indicated that Tesla's second-quarter EV deliveries could come in weak, after only delivering roughly 337,000 deliveries in the first quarter of the year, the lowest level seen in over two years.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€385.05
0.200%
Our community is currently high on Tesla Inc with 106 Buy predictions and 37 Sell predictions.
On the other hand, the target price of 384 € is below the current price of 385.05 € for Tesla Inc, so the potential is actually -0.27%.
