Why Tesla Stock Sank Today

Tesla (NASDAQ: TSLA) stock closed out Thursday's trading in the red. The company's share price moved 3.5% lower in a daily session that saw the S&P 500's level decline 0.5% and the Nasdaq Composite's level slip 1.1%.Tesla reported its first-quarter results after the market closed yesterday, delivering earnings that beat Wall Street's forecast despite sales that came in below expected levels. In addition to some concerns regarding the company's forward spending profile, a bearish shift on tech stocks also weighed on Tesla's valuation today. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool