Tesla Shares Drop By Nearly $100 Minutes Before Market Close Yet Gain 14% During Trading

Tesla Shares Drop By Nearly $100 Minutes Before Market Close Yet Gain 14% During Trading

4 years ago
Anonymous $-riAjkQg_1

https://wccftech.com/tesla-drop-100-before-close/

Alternative energy product and electric vehicle manufacturer Tesla Inc (NASDAQ:TSLA) has broken all of its previous records on the stock market this year. The stock has leaped forward by miles during yesterday and today's trading, as it gained more than $200 since Friday's and today's close. This momentous momentum is being dubbed by many as a bubble, and despite Tesla's short-sellers posting massive losses, it just might be the case that the share price comes crashing down.

At the start of trading today, Tesla opened at a share price of $882.96, and at the close of trading, the company now has a share price of $887.06, after having rocketed to a record high of $968.99 during the day. However, just as traders were about to wrap up their dealings for the day, it appears as if the new all-time high price for the stock isn't the day's biggest news. Instead, it's the drop that Tesla witnessed in the seven minutes between 3:47 pm and 3:54 pm Eastern Time today.