Tesla Motors Inc (NASDAQ:TSLA) is getting walloped on Thursday after miserable fourth-quarter results sent investors scrambling for the sidelines.
Even
before Tesla’s earnings miss yesterday, shares of the electric vehicle
company had cooled off. The TSLA stock price more than quadrupled in
2013 and soared another 47% in 2014, but several recent high-profile
concerns brought the stock back down to earth.
Since hitting all-time highs near $300 per share in September, TSLA stock has cratered more than 20%, underperforming the S&P 500 (INDEXSP:.INX) by nearly 25 percentage points. (more)
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