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October 20, 2015 07:54 pm GMT
Shares in electric car company Tesla cratered today, dropping almost 8 percent by the end of regular trading. The company’s equity managed a partial recovery by the end of the day, leaving its intra-day lows behind. Why the drop? Tesla lost a coveted Consumer Reports recommendation and was given a “worse-than-average” rating in its place. The reason? Tesla’s Model S… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yzOnJEv-dYY/
Tesla Shares Plummet After Consumer Reports Drops Model S Recommendation
Shares in electric car company Tesla cratered today, dropping almost 8 percent by the end of regular trading. The company’s equity managed a partial recovery by the end of the day, leaving its intra-day lows behind. Why the drop? Tesla lost a coveted Consumer Reports recommendation and was given a “worse-than-average” rating in its place. The reason? Tesla’s Model S… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/yzOnJEv-dYY/
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