Why Tesla, Inc. Stock Fell Tuesday

Shares of electric-car company Tesla (NASDAQ: TSLA) took a hit Tuesday, falling as much as 6.6%. As of 1:45 p.m. EDT, shares were down about 4%.The stock's slide follows news that the Department of Justice is investigating Tesla CEO Elon Musk's Aug. 7 comments on Twitter about possibly taking the company private, according to a Bloomberg article."Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla private and had 'funding secured' for the deal," said the piece, citing anonymous sources.Continue reading