Tesla falls as much as 6 percent, giving back gains prompted by Musk’s tweet on going private

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SEC was said to be looking into Tesla before Musk tweet: Bloomberg






The stock was down most of the day, and dipped more after a Bloomberg report that the SEC had been gathering information on Tesla prior to Tuesday. The agency had been looking into Tesla’s public statements on production numbers and sales targets, the news site reported, and intensified its scrutiny after Tuesday’s tweet.

With Thursday’s dip, Tesla stock is up 13 percent in 2018 but flirting with correction territory, nearly 10 percent off its 52-week high.

Correction: This article has been revised to clarify that the Bloomberg report said the SEC had been gathering information on Tesla before Tuesday.



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Sara Salinas

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Article source: https://www.cnbc.com/2018/08/09/tesla-stock-gives-back-gains-from-musk-tweet-earlier-this-week.html

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