Tesla stock falls more than 10% in two days as bitcoin also tumbles: CNBC After Hours

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On today's show, Pippa Stevens breaks down the slide in Tesla stock.

Tesla suffered steep losses at the opening bell on Tuesday as investors rotated out of high-flying tech names, although throughout the session Tesla, in addition to Big Tech, clawed back the majority of the day's early losses.

The world's most valuable digital coin plunged 14% in 24 hours, sinking below $50,000 to trade around $46,443 at 7:30 a.m. ET, according to data from Coin Metrics. It had earlier fallen as much as 16% to hit an intraday low of $45,041.

 

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Yea cuz u were also busy bashing both over the weekend!

Beep Beep 🤖

Tesla and Bitcoin are dancing Argentinian Tango and have been doing so from 2016. We need to change the style and start dancing hip hop .

If Tesla is linked to bitcoin it has a brighter future than ever before!!! I’m bullish on Tesla all day long.

this is terrible news

The're not directly related. Anything that is long duration (very growth-y) is getting smashed right now

PRETTY SURE ELON WILL HAVE THE LAST LAUGH. HE ALWAYS DOES. BITCOIN

eToroService eToroServiceETORO IS LIKE ROBINDHOOD, IT HAS NOT WORKED ALL DAY, DO SOMETHING ABOUT IT, YOUR CUSTOMERS DO NOT DESERVE IT...

Nobody should be freaked out about this at all, it’s simple market correction. The crypto bubble has been inflating to rapidly, this cool down is necessary.

monicaphiguera :*(

It is unfortunate that the Federal securities inspectors & enforcement has been gutted by PMURT administration.

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