Why Is Tesla Stock Dropping Today? Its Now in Bear Market Territory. – Barrons

Shares of Tesla slid into bear-market territory on Monday following a week of steady declines.

Tesla (ticker: TSLA) traded as low as $950.50 on Monday, putting it 23% below its record closing high of $1,234.41, reached on Nov. 4, before regaining some ground. Wall Street considers a bear market a decline of at least 20% from a closing high.

At…

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