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Tesla Shares Sink Below 2 Year Low

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According to Markets Insider, Tesla shares sank below a 2 year low after Wall Street analysts released scathing research on the electric automaker. Analysts with Bank of America Merrill Lynch and Citi issued reports that were critical of Tesla's diminishing stock price amid a slew of investor concerns. On the year, Tesla shares have dropped more than 40-percent, but within the last three weeks the electric automaker's stock plummeted 20-percent. On the day for May 22nd, Tesla shares dropped another 4-percent, falling below the $200 mark. Tesla's stock hit a session low of $192.85, which is their worst trading price since December of 2016.

Added on the 22/05/2019 15:49:47 - Copyright : Wochit

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