earl hesterburg joining us live to talk car sales, electric vehicle demand and much more and mortgages jumping to a seven year high as lower rates drive demand what it means for the housing market >>> welcome back to "power lunch. check out shares of tesla, one of the worst performers in the s&p 500 if were even in there but still up 25% and with this correction, was it inevitable in phil lebeau is here with more >> and it was inevitable that we would see some type of pullback. will it drop down to 400, 300? nobody knows for sure. when you talk to the analysts, they can't even do a valuation a couple things were part of the reason why you saw shares of tesla tumbling it was downgraded to a hold. and woe nt even do the price targets because for everybody they are all over the plate. you also have a tesla executive in china saying that some of the model deliveries from the new plant in shanghai, they may be delayed, obviously that plant is closed down like so many other plants in china as they are dealing with coronavirus and then you have a slowing china mar debt overalket overal. and