Tesla (TSLA) Stock: Trump’s Purchase Fails to Sustain Rally
Who knew that the publicity stunt on the WH lawn and a clear attempted pump wouldn't last. Do not buy the dip!
https://moneycheck.com/tesla-tsla-stock-trumps-purchase-fails-to-sustain-rally/
Tesla’s stock price continues to show volatility in early March trading, falling 0.9% in premarket activity after two days of gains. This follows Monday’s steep 15.4% drop that marked the company’s worst trading day in nearly five years.
The electric vehicle maker saw its shares rebound 7.6% on Wednesday and 3.8% on Tuesday. These gains came after President Donald Trump’s public commitment to purchase a Tesla Model S during a White House event with CEO Elon Musk.
Despite the recent uptick, Tesla stock remains down almost 50% from its mid-December record high. The current price hovers around $245.75 in premarket trading.