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Why Tesla Stock Fell Sharply on Wednesday

Why Tesla Stock Fell Sharply on Wednesday

The growth stock's downturn follows the electric-car maker's Battery Day event, which included news on the automaker's plans for battery design and manufacturing. While a handful of analysts were encouraged by Tesla's Battery Day update, some seemed disappointed. Bernstein analyst Toni Sacconaghi, for instance, noted that the event included bold aspirations but lacked specifics.