Key moments
- Tesla’s share price experienced a significant downturn on Thursday, falling by 6.74% to $253.86.
- Investor sentiments turned pessimistic as existing 25% tariffs on the auto industry were not halted, and the US increased its levies on Chinese goods.
- Goldman Sachs reassessed its Tesla share price target, lowering it to $260.
Tesla Shares Sink 6.74% as Tariff Concerns Resurface
After the opening bell on Thursday, the share price of electric vehicle manufacturer Tesla fell by over 6%. Specifically, Tesla’s stock declined by 6.74%, reaching a value of $253.86. This drop occurred after a remarkable surge in the company’s stock value on the preceding day, as Wednesday had witnessed Tesla shares closing with an impressive gain of…
