Stock Market
Tesla Stock Is Down Again. It’s Not From EV Competition.
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Tesla
stock is down again, dropping for a second consecutive day. Are investors fretting about more electric-vehicle competition? Probably not. The stock chart is a better explanation for Monday’s dip.
Tesla
stock (ticker: TSLA) is down about 2% in midday trading after dropping 5% on Friday. What’s more, shares are dropping while the market is moving higher. The
S&P 500
and
Nasdaq Composite
are up 0.9% and 1.4%, respectively.
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