Tesla Stock Is Down. An Argentina Charger Deal Won’t Help.

Tesla stock is down early Wednesday. The move came despite Argentina’s energy company, YPF and Tesla signing a memorandum of understanding to explore the development of a fast-charger network. “The partnership tries to leverage on YPF’s leading fuel marketing operation in Argentina, with 55% of stations, the largest network in the country and the only with national scale,” Citi analyst Andres Cardona wrote on Tuesday.