Tesla (TSLA) Falls After Announcing US & UK Price Cuts

Tesla (TSLA) stock falls after it announces cuts prices in the US and UK. Alex Coffey and Jenny Horne discuss TSLA as it reduces prices for some vehicles sold in US by nearly 20%. They talk about how this opens more of the company's vehicles to qualify for the $7,500 tax credit in the US. They then note that Guggenheim downgraded TSLA to sell from neutral with an $89 price target. Alex Then demonstrates an example trade using TSLA. The trade type is a buy a put calendar and the direction is bearish. Tune in to find out more about the stock market today.