Tesla Stock Wobbles After Musk Comments; Analysts Target Changes

Source: investors.com investors.com

Key Topics in this News Article:

News Snapshot:

Tesla (TSLA) stock appeared set to rebound Friday CEO Elon Musk told investors late Thursday he does not plan to sell any more of his Tesla share for another two years. TSLA shares sustained heavy losses Thursday amid economic uncertainty which has led six analysts to downgrade the EV giant this week. X Tesla stock tumbled nearly 9% to 125.35 Thursday after CarMax (KMX) missed big on quarterly earnings, citing vehicle affordability issues. Other auto industry stocks also booked losses. Tesla's slump Thursday sank shares to the lowest point since Sept. 2020. The leading EV company has shed more than...