TSLA - Tesla Falls Again but This Nasdaq Stock Is Truly Plunging
Investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC) weren't too happy with their performance in 2022, and they hoped that the growth-heavy index would bounce back in 2023 from dramatically weaker returns than other major market benchmarks. Friday's early market moves only continued that adverse trend for the Nasdaq, which was down briefly even as other indexes gained ground.
Tesla (NASDAQ: TSLA) has been a key drag on the Nasdaq over the past year, and the electric car maker once again fell significantly as it faced new challenges abroad. Yet the biggest decliner on the Nasdaq was a much smaller and lesser-known company, Fate Therapeutics (NASDAQ: FATE) . Below, you'll get the details on both of these stocks and what's happening with the companies that has shareholders nervous.
Shares of Tesla were down 4% as of 10 a.m. ET, recovering slightly from steeper losses near the open. Reports based on examining the automaker's website showed that Tesla reduced its prices yet again on vehicles in various markets in the Asia-Pacific region.
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Tesla Falls Again, but This Nasdaq Stock Is Truly Plunging