Why did Tesla shares fall? TSLA Stock Price and Forecast: Why did Tesla shares fall?

After the CEO share sale, Tesla shares was up in the premarket on Thursday.

TSLA shares were unable to maintain their gains and ended the day with a loss.

Elon Musk, the company’s CEO, followed through on his threat to sell a huge quantity of stock through Twitter poll.

Just as the market began on Thursday, Tesla (TSLA) stock appeared to be in good shape. In the premarket, the stock was up more than 2%, while the shares in Frankfurt were up more than 4% at one point. However, immediately after the open, the stock had a brief glance upward before rapidly reversing and finishing below. A rapid red-to-green (or green-to-red in this case) flip is usually a well-watched signal, and this one does get alarm bells ringing. The stock has risen dramatically, but the CEO has sold stock, inflation is rising, and rates are rising as well. Tesla is going to have a hard time from here on out.

Tesla (TSLA) stock news

As usual, Elon Musk has been in the headlines. He polled his Twitter followers on whether or not he should sell some of his stock. The poll said yes, so he went ahead and sold or exercised $5 billion worth of shares or stock options. This definitely had an impact on Tesla’s (TSLA) stock…