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Friday, March 29, 2024

Tesla Motors Inc's Stock Continues To Fall As Bearish Sentiment Rises

Courtesy of Benzinga.

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Shares of Tesla Motors Inc (NASDAQ: TSLA) were trading lower by more than 3 percent at $157.68 early Monday morning. Monday morning's price action implies the stock could open for trading below its 52-week low of $157.74.

One possible explanation for Monday's decline in Tesla's stock is an overall rise in bearish sentiment. According to StockTwits, 52 percent of investor sentiment is bearish.

Related Link: Could Tesla Motors Inc Stock Be Headed For Double Digits?

StockTwits' data shows that the bearish sentiment of Tesla's stock heading into 2016 was just 22 percent.

Investors and traders appear to also be shrugging off as report from analysts at Credit Suisse, which suggested that the company's slower-than-expected Model X ramp is not due to any fundamental issues. The analysts added that Tesla's slowed production could be attributed to addressing quality issues.

The company is scheduled to release its Q4 earnings report on February 10.

Posted-In: Credit Suisse stocktwits Tesla Tesla Model X Tesla stockNews Pre-Market Outlook Movers

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