Tesla Is Tumbling
Tesla’s stock is down nearly 7% today to $90.97 on no particular news.
This is well off its intra-day high of $114.90 last week.
The stock went on a tear in the weeks following its first every quarterly profit, though many have argued that it was just a paper profit.
The company will hold its annual shareholder meeting tomorrow at 3:00 p.m., Pacific Time, in Mountain View, California. Two proposals set for the meeting are 1. Election of directors and 2. Ratification of PricewaterhouseCoopers as Tesla’s independent registered public accounting firm
Here’s a look at Tesla’s performance in the first few hours of trading:
By Mamta Badkar