May 2, 2020
Tesla stock news
“Elon Musk wipes nearly $15 billion off Tesla’s valuation by tweeting that shares are ‘too high.Tesla stock stumbles more than 10% on Friday.
Tesla TSLA, -10.30% shares extended losses after his tweets and fell 10% to close at $701.32 Friday. The shares had traded as high as $772.77 earlier in the session.
Tesla ended the day with a market cap around $130 billion, having lost nearly $15 billion from Thursday’s close.”
Tesla stock chart
The stock market reacted to this tweet and Tesla stock fell. At the close, the stock price for Tesla, Inc. (TSLA) was 701.32-80.56 (-10.30%). It is hard to make any Tesla stock predictions. In the Tesla stock chart above a huge rally is shown from the price of about 400 to about 850, so nay profit-taking in Tesla stock is reasonable. Besides that, Tesla stock is among very popular and trending stocks in Wall Street.