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Motley Fool

Why Tesla Stock Tapped the Brakes on Wednesday

In Wednesday-morning trading, stock markets are mixed — the Nasdaq down a fraction of a percent, the S&P 500 up a different fraction of a percent on moderately good inflation data — a pleasant respite from the three-day streak of nonstop selling that began late last week. As of 10:10 a.m. ET, Tesla stock is down 2%. The most likely culprit for Tesla’s declining share price is none other than CEO Elon Musk himself, who took the stage at the Financial Times Future of the Car 2022 yesterday to speak on a variety of subjects — any one of which could be the one that upset investors today.