Why Tesla Stock Was Slammed on Thursday

Why Tesla Stock Was Slammed on Thursday

Shares of Tesla (NASDAQ: TSLA) were crushed on Thursday. The growth stock was likely down both because of a sharp sell-off in the overall market and news that the automaker's Model 3 production line in Fremont, California may have temporarily paused. The Model 3 production line at Tesla's California factory is shut down between Feb. 22 and March 7, according to a Bloomberg report on Thursday.