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Could New Model 3 Variants Boost Tesla Investors’ Confidence?

John Parker
Could New Model 3 Variants Boost Tesla Investors’ Confidence?

Last week, Tesla stock (TSLA) fell sharply by 8.1% to $276.82 against a 0.5% drop seen in the S&P 500 Index. In the previous week, TSLA stock rose 2.4%. Tesla began the second quarter with optimism, and its stock recovered by 10.4% in April after witnessing the massive decline of 22.4% in March. TSLA ended Q1 in negative territory with 14.5% losses. In Q1 2018, auto stocks (XLY) General Motors (GM), Ford (F), and Harley-Davidson (HOG) fell 11.3%, 10.3%, and 15.7%, respectively.