Tesla's stock is falling for two reasons: UBS analyst
Publishing timestamp: 2018-04-02 18:39:30
Summary
UBS analyst Colin Langan says Tesla's stock is dropping due to a fatal crash involving Model X and the slow rate of Model 3 production. March 2018 was Tesla's second-worst month, with prices falling 22.4 percent. Langan believes Tesla needs to improve quality and ramp up production of Model 3 to avoid further decline in stock price.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: stock markets, apple inc, s&p 500, business news, kevin o'leary, microsoft corp, elon musk, squawk on the street, autos, technology, tesla inc, ubs group ag, closing bell,
Source: https://www.cnbc.com/2018/04/02/tesla-stocks-plunge-for-two-reasons-ubs-analyst.html