Why Tesla stock is tanking around 3% on Thursday

Core Viewpoint - Tesla stock experienced a reversal of early gains, declining approximately 3% on Thursday due to broader market weakness that overshadowed recent positive momentum and analyst support [1] Group 1 - The stock had previously climbed, indicating a period of optimism prior to the decline [1] - Analyst commentary had been supportive, contributing to the initial positive sentiment around Tesla's stock [1]