(Bloomberg) — The incredible six-day, 60% rally in Tesla Inc. that left Wall Street watchers scratching their heads screeched to a halt Wednesday.The electric-vehicle maker fell as much as 21% to $704.11 in New York, erasing most of the gains the stock saw over the past two days amid what seemed like an unstoppable advance. Tesla had added 36% to its value in the first two days of the week, but by Wednesday afternoon, it was just 7.7% higher than where it opened Monday morning, and 12% above Friday’s close. The breather comes as analysts at Canaccord Genuity cut their …read more
Source:: Yahoo Finance
