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Benzinga
Benzinga
Business
Henry Khederian

Why Tesla Shares Are Getting Hammered Today

Tesla Inc (NASDAQ:TSLA) shares are trading lower amid overall market weakness as investors digest the latest U.S. inflation data, which came in higher-than-expected.

The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since 1982... Read More

See Also: Why Coinbase Stock Is Trading At 52-Week Lows

Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles.

According to data from Benzinga Pro, Tesla has a 52-week high of $1,243.49 and a 52-week low of $546.98.

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