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25.05.2019 16:13:00

Why I Just Bought Tesla Stock

Tesla (NASDAQ: TSLA) bears are rejoicing.Shares of the electric-vehicle maker fell to below $200 for the first time in more than two years, as the company got thwacked by a series of negative analyst notes and concerns about the company's liquidity after CEO Elon Musk warned his staff that Tesla would be out of cash in 10 months if it didn't make "hardcore" cost cuts. Questions about demand for the company's cars have also arisen following a recent price cut. Tesla bears responded enthusiastically, calling for the company's demise across social media and elsewhere. The stock has long been a polarizing one. 28% of its shares are sold short, meaning a sizable percentage of investors are betting it will head lower.Continue reading
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Tesla 230.00 1.91% Tesla

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