Tesla Stock Ends Day in the Red

Core Viewpoint - The stock market's forward-looking nature is highlighted by the adage "buy the rumor, sell the news," which was evident in Tesla's stock performance following the announcement of new lower-priced models [1] Group 1: Stock Performance - Tesla stock closed down 4.4% at $433.09 after the unveiling of the new lower-priced Standard Model 3 and Model Y products [1] - Shares of Tesla rose more than 5% on the preceding Monday after the company teased an announcement over the weekend [1] - The two-day stock movement resulted in Tesla shares being up approximately $3 for the week [1]