Tesla Motors (NASDAQ:TSLA) Stock Decreased 8% in a Single Week
In only a single week the stock of Tesla Motors (NASDAQ:TSLA) has decreased a staggering 8% in a single week. Why? One might ask, because it has been having a few bad months and collectively this bad week has now resulted in an overall decrease of around 22% in the company’s share price. Back in September, only two months ago Tesla Motors (NASDAQ:TSLA) hit an all-time high with $291.42. The reasons for the collapse is unclear as nobody can point out for sure why the stock market behaves how it does.
A couple of theories are in speculation and one of them says that the BMW (NASDAQOTH:BAMXY) and Tesla Motors (NASDAQ:TSLA) war of words which has been waging out is to blame for the decrease in stock price. The market was anticipating a collaboration between the two companies and share prices for Tesla Motors (NASDAQ:TSLA) soared, only to be brought down with the news of no collaboration. BMW (NASDAQOTH:BAMXY) spokesperson put down Tesla Motors (NASDAQ:TSLA) CEO in an interview.
It’s true, be it a Tweet or a formal interview, the media hangs on to each and every word that comes out from Tesla Motor (NASDAQ:TSLA) CEO’s mouth. This can be perceived as a positive and a negative both, because anything and everything Elon Musk says has a very strong impact on the company’s’ share price. Elon when interviewing with a German magazine, Der Spiegel, called BMW’s (NASDAQOTH:BAMXY) carbon body parts as extremely cost efficient as well as interesting.
The media world took this as a deal between the two companies being formulated in the near future and stock price for Tesla Motors (NASDAQ:TSLA) rose. When Tesla Motors (NASDAQ:TSLA) CEO and BMW (NASDAQOTH:BAMXY) got into some informal meetings, the media perceived as the deal being finalized and signing off. It didn’t end too well with BMW (NASDAQOTH:BAMXY) calling him a manipulator and worse with an interview with a German magazine, Wirtchafts Woche.
BMW claimed that the Tesla Motors (NASDAQ:TSLA) CEO Elon Musk was only using the company for publicity and nothing else. A reply to that from Elon clearly stated that at no point had Tesla Motors (NASDAQ:TSLA) stated that there would be a formal collaboration, however the two companies discussed a lot of topics in their various meetings informally.
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That being said, the shares had already fallen and there was nothing that Elon could do about it. Perhaps, maybe his statement stopped them from falling further perhaps? Another reason for the share price decline can be that investors are simple cashing out their accumulated profits on the Tesla Motor (NASDAQ:TSLA) shares. The stock has been growing over 200% for the past two years and there is a possibility that investors who have waited patiently are now cashing out.