We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox

Tesla Stock Is Sliding. Just Don’t Blame Hertz or Recalls.


  • Order Reprints
  • Print Article

Tesla stock can’t go up forever and shares are finally falling in premarket trading Tuesday. Reports of recalls and Hertz-deal uncertainties are two reasons the stock might be down. A third reason, however, might be more responsible for the decline than the other two.

Tesla (ticker: TSLA) stock is down about 4.3% in premarket trading. S&P 500 and Dow Jones Industrial Average futures are both little changed.

Tesla...