Tesla Has Stock Traders Getting It All Wrong

Tesla Has Stock Traders Getting It All Wrong

Futures contracts on major market benchmarks were moving higher Monday morning on the first day of the fourth quarter, although the Nasdaq Composite (NASDAQINDEX: ^IXIC) only managed barely to poke into positive territory as of 8 a.m. ET after having been down much of the morning. The downward move in Tesla (NASDAQ: TSLA) was the big culprit holding the Nasdaq back Monday morning. Tesla's stock was down more than 5% in premarket trading on Monday.