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Tesla stock might close down for the year — and that could be a good thing (TSLA)





TSLA Chart

The Wall Street Journal’s Steven Russolillo tweeted on Thursday that Tesla shares are down at the end of year for the first time since the carmaker’s 2010 IPO.

It’s an accurate observation, although one that should be taken with a rather large grain of salt. After all, in 2013, the stock finished the year up over 300%.

Tesla is indeed down just over 10% in 2016, after sliding more than that at some point, but shares are also trading above $200, an important level if Tesla is to vindicate its $30-billion-plus market cap and, more importantly, establish a baseline read more >>>

Source:: BusinessInsider.Com

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