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Tesla (nasdaq:tsla) is spiraling deeper into crisis as its stock takes a beating, dropping from a $1.7 trillion valuation to under $800 billion Equity analyst dan ives has long been. Year to date, tesla’s stock has plunged 41% — though it is still.
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Multiple factors have converged to drive down the price of tesla stock by 50% since december Short sellers have made $16.2 billion (a$25.5 billion) in profits over the past three months as tesla’s share price has plummeted by more than 50%. Here's how investors can manage their portfolios’.
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Those core business concerns are the primary reasons investors have slashed their tesla holdings, causing the stock to lose half its value since.
Once hailed as the future of transportation and innovation, tesla is now grappling with a dramatic downturn Tesla’s brand is imploding, intel is struggling, and the market is on edge Key levels will determine whether this is a bull trap and the start of another leg down Tesla stock is crashing today, dropping over 8% and slipping below the $1 trillion valuation for the first time in three months
