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02-05-2020, 04:27 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Green (https://www.autoblog.com/category/green-auto-news/),Tesla (https://www.autoblog.com/tesla)
https://o.aolcdn.com/images/dims3/GLOB/crop/6000x3375+0+53/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-10/2cedf1f0-e9d8-11e9-bddf-23df91f2bfe2 Tesla's stock tumbled 17% on Wednesday, hitting the brakes on a dramatic rally as a senior executive said the coronavirus outbreak in China would delay deliveries of its Model 3 cars and analysts warned of its high valuation. With Tesla still up more than 25% since the company posted its second consecutive quarterly profit a week ago, Canaccord Genuity cut its rating on Tesla to "hold" from "buy," further shrinking the already small number of analysts who recommend buying the stock. TContinue reading After Tesla stock's dizzying climb, an almost-as-dizzying fall (https://www.autoblog.com/2020/02/05/tesla-stock-drops-17-percent/)
After Tesla stock's dizzying climb, an almost-as-dizzying fall (https://www.autoblog.com/2020/02/05/tesla-stock-drops-17-percent/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 5 Feb 2020 18:47:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
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https://o.aolcdn.com/images/dims3/GLOB/crop/6000x3375+0+53/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-10/2cedf1f0-e9d8-11e9-bddf-23df91f2bfe2 Tesla's stock tumbled 17% on Wednesday, hitting the brakes on a dramatic rally as a senior executive said the coronavirus outbreak in China would delay deliveries of its Model 3 cars and analysts warned of its high valuation. With Tesla still up more than 25% since the company posted its second consecutive quarterly profit a week ago, Canaccord Genuity cut its rating on Tesla to "hold" from "buy," further shrinking the already small number of analysts who recommend buying the stock. TContinue reading After Tesla stock's dizzying climb, an almost-as-dizzying fall (https://www.autoblog.com/2020/02/05/tesla-stock-drops-17-percent/)
After Tesla stock's dizzying climb, an almost-as-dizzying fall (https://www.autoblog.com/2020/02/05/tesla-stock-drops-17-percent/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 5 Feb 2020 18:47:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/02/05/tesla-stock-drops-17-percent/) | Email this (https://www.autoblog.com/forward/2206414/) | Comments (https://www.autoblog.com/2020/02/05/tesla-stock-drops-17-percent/#comments)
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