TSLA shares dropped Thursday as investors backed out of speculative betas made ahead of Tesla's investor day event. Headlines and investor chatter going into the Tesla investor day stirred some expectations for major announcements. Tesla has also reportedly made a bid for lithium stock Sigma Lithium (SGML), according to Bloomberg. Much of that run-up reflected Tesla investor day buzz. The Global X Lithium & Battery Tech ETF (LIT) also retreated 1.3% and the Amplify Lithium & Battery Technology ETF (BATT) dumped 1.4% Thursday.
Continue reading...