By CCN: Due to a series of controversies including the shocking video of a Tesla Model S exploding in Beijing, a drastic shift to online sales, and a catfight between CEO Elon Musk and the U.S. Securities and Exchange Commission (SEC), Tesla had an underwhelming first quarter in 2019. Tesla Stock Down 31% in 2019 While US Market Embarks on Massive Recovery From January 11, within four months, Tesla’s stock price plunged from $347 to $239, by more than 31 percent. According to Hitin Anand, a senior analyst at research firm CreditSights, the high valuation of Tesla at $41 billion
The post Elon Musk Risks Blowback After Tesla Stock Plunges 31% in 2019 appeared first on CCN
from CCN http://bit.ly/2V5MWys
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