Breaking Finance News

Don’t Believe Today’s Tesla Rumors! (TSLA)

3503567616_d4b0c98235_oThis morning, there were rumors circulating among traders of battery problems related to some Tesla (NASDAQ: TSLA) vehicles. When the rumors broke around 11:30 EDT, the stock temporarily fell on the news.

Where these rumors originated is not known but it was later revealed that they came from a UK Register report from 2010. Then, around 1:40 p.m. EDT, Benzinga reported that a Tesla spokesperson confirmed that the company knew of no battery issues with its vehicles.

After crossing the $170 mark today, the stock has fallen below $165 for a loss of about 0.6 percent on a day of broad market strength.

[stock-tools exchange="NASDAQ" symbol="TSLA" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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