Stockreport
Why Tesla (TSLA) Shares Are Trading Lower Today [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The S&P 500 and Nasdaq were under pressure as the dominant artificial intelligence trade cooled off. Notable names like Nvidia were down as traders locked in profits following a banner year where the Nasdaq surged over 20%. With the S&P 500 recently hitting intraday highs near 6,945, this dip reflected a shift in internal momentum rather than a response to major economic news. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Tesla? Access our full analysis report here Tesla's shares are extremely volatile and have had 40 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 2.8% on the news that a Delaware Supreme Court ruling restored CEO Elon Musk's 2018 compensation
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