Shares of electric-vehicle leader Tesla are down more than 20% from their November 52-week high. What's pulling shares down, and how could this play out? Read More...
MarketWatch
Tesla slides into bear market as valuation falls below $1 trillion
Tesla Inc.’s valuation fell under $1 trillion on Monday, with a 5% loss sending the EV maker into a bear market for the third time this year. Tesla shares (TSLA) closed at $966.41, bringing December losses to more than 154%, which is shaping up to be the stock’s worst monthly performance since March 2020. The stock is also down more than 21% from its record closing high of $1,229.91 on Nov. 4, signaling a bear market, which, as many on Wall Street define it, is marked as a decline of at least 20% from a peak. It is Tesla’s third bear market of the year.
