The stock is down 13% month to date.Shares of Tesla ( TSLA ) slipped on Wednesday, declining as much as 3.2%. As of 2 p.m. ET, the stock was down 2.1%.The stock's decline was likely primarily in line with weakness in many growth stocks on Wednesday, ahead of the Federal Reserve meeting at 2:30 p.m. ET. But as the Fed meeting commenced, shares recovered some. As of 2:25 p.m. ET, the stock was down about 1.1%.Many growth stocks were initially sliding Wednesday as investors tried to guess the market's reaction to an expected announcement from the Federal Reserve on Wednesday about a plan for future interest rate hikes. The Nasdaq Composite was down 0.7% and the S&P 500 was down more than 0.1% as of 2 p.m. ET. Though both indexes flipped to positive once the Federal Reserve meeting commenc

What happened ?Singapore-based e-commerce, payments, and online-gaming company Sea Limited (NYSE:SE) dropped 3.5% through 2:45 p.m. EST Tuesday afternoon after reporting mixed results for its fiscal Q3 2021.Analysts had forecast Sea would lose $0.65 per share on less than $2.5 billion in sales for the quarter. As it turned out, Sea booked sales of $2.7 billion -- but lost $0.84 per share in the process.Not all the news was bad. Sales for the quarter not only exceeded expectations but rocketed 122% year over year. Gaming revenue grew 93%, payments were up 111%, and e-commerce did best of all -- up 134% year over year.Gross profit margins on those sales were also up, and gross profits at the company therefore outperformed sales growth, rising 148%. Nevertheless, Sea Limited also doubled its

Elon Musk says he is ‘almost done’ selling Tesla stockTesla Inc Chief Executive Officer Elon Musk, who has sold more than $15bn worth of shares in the company since early November, said on Wednesday that he was “almost done” with his stock sales.The billionaire had made confusing statements as to whether he might or might not be done with his stated goal of selling 10 percent of his Tesla shares.“I sold enough stock to get to around 10 percent plus the option exercise stuff and I tried to be extremely literal here,” he said in an interview on Tuesday with conservative satirical website Babylon Bee.But on Wednesday he suggested he might not be done. “This assumes completion of the 10b sale,” he tweeted, referring to his prearranged sales plan related to his options.“There are still a few tr

Investors are fretting because the automaker is giving up a $1.3 billion subsidy.Good news for Tesla (NASDAQ:TSLA) investors! Demand for electric vehicles in China is apparently so strong that Tesla has decided to invest $188 million to expand production capacity at its Shanghai factory. It's so high that Tesla is putting 4,000 more people on the payroll at the site, as Reuters reported Friday morning.  On the one hand, this sure sounds like upbeat news. Tesla initially wanted its Shanghai factory to produce 500,000 cars per year -- and it already has the capacity to manufacture 450,000 Model 3 sedans and Model Y crossovers annually. This decision speaks to CEO Elon Musk's confidence that even 500,000 vehicles a year soon won't be enough to meet the deman