Tesla Stock Falls On Unusually High Volume (TSLA)

NEW YORK ( TheStreet) -- Tesla Motors (Nasdaq: TSLA) is trading at unusually high volume Tuesday with 20.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $17.35 (-13.6%) at $109.91 as of 1:31 p.m. ET.

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Tesla has a market cap of $15.01 billion and is part of the consumer goods sector and automotive industry. Shares are up 283.5% year to date as of the close of trading on Monday.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components.

TheStreet Ratings rates Tesla as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full Tesla Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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