Tesla's Debut Disappoints, Shares Down Nearly 8%
Stocks cap off a roller coaster week down. The Dow couldn't recover from its whopping loss yesterday and fell an additional 115 points today, losing all of the gains made in 2014. Despite Tesla's (TSLA) big debut yesterday, showing off a new vehicle, its shares were down as much as 8% during trading today. This drop cost Tesla's CEO, Elon Musk, who owns 28 million shares a staggering $500 million. Dave & Buster's (PLAY) made its return to Wall Street with a bang.The company, that was taken private in 2006, ended the day up 8%.
Word on the Street
- Don't worry, stocks expected to fall further.
- Dow Jones loses all gains made in 2014.
- Shareholders approve Time Warner Cable (TWC) & Comcast (CMCSA) deal.
- Dave & Buster's (PLAY) up 6% during IPO debut.
- Fiat Chrysler will begin trading on the NYSE on Monday.
- Tesla Motors (TSLA) introduces new high performance car, added safety features.
Published on Oct 10, 2014By InvestorGuide Staff