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Tesla stock the price is too high

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.”

Stock market source: https://www.marketwatch.com/story/elon-musk-tweets-that-tesla-shares-are-too-high-2020-05-01?siteid=yhoof2&yptr=yahoo

Tesla stock chart

Tesla stock chart
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.

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