Why Tesla Stock Hit the Brakes Today

Why Tesla Stock Hit the Brakes Today
·1 min read

Shares of Tesla (NASDAQ: TSLA) were falling Tuesday after Deutsche Bank analyst Emmanuel Rosner cut his price target for the stock. Rosner thinks Tesla's second-quarter vehicle delivery numbers -- which will be reported at the beginning of July -- will be lower than previously expected. Investors apparently didn't like what Rosner had to say, and drove the EV stock down by 4.6% as of 2:18 p.m. ET.