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Image source: Tesla. EV stocks fall. Tesla wasn't the only EV stock to fall on the news. Rivian Automotive and Lucid Group got hit even harder as both stocks are deeply unprofitable and more ...
Tesla stock dropped as much as 8% on Thursday after the company reported fourth-quarter vehicle deliveries. Shares of the company traded as low as $ 373.40 before paring losses.
With Tesla already trading at a market cap of $1.5 trillion and a P/E ratio of 200, the stock seems more likely to underperform than not next year, despite the current investor enthusiasm.
Tesla's stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.
Tesla stock is down Monday following a strong recent run-up as one Wall Street bank says “animal spirits” have pushed the stock beyond any “fundamental change” at the company.Joseph Spak ...
In the past, when Tesla's car business fell below 17% of its total market cap, its stock tended to "enter a downward channel," UBS added. Tesla's auto business accounts for just 12% of its current ...
Tesla (NASDAQ: TSLA) shares have been soaring since the U.S. election in early November. As of 12:35 p.m. ET Friday, Tesla shares were down 4.3%. ... Why the Tesla Stock Rally Is Fading Today ...
Tesla stock dropped 4.8% on Monday, dropping below $200 and hitting lows not seen since late May despite a broader market rally and rebound in beaten-down tech.Two pieces of news were weighing on ...