January 18, 2023

Tesla Stock Falls 12%, Posting Worst Drop in Over Two Years – The Wall Street Journal

Posted By: ndeeney

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https://www.wsj.com/articles/tesla-stock-falls-more-than-12-posting-worst-drop-in-over-two-years-11672783776
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Tesla Inc. shares fell sharply on the first day of 2023 trading after the electric-vehicle maker posted disappointing fourth-quarter delivery figures, fueling demand concerns and keeping pressure on a stock that is fresh off its .css-1h1us5y-StyledLink{color:var(–interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}worst-ever annual performance.
Tesla stock closed down 12% on Tuesday at $108.10. The drop was its largest in more than two years, with shares closing at their lowest level since Aug. 13, 2020. Tesla’s shares fell 65% last year, and the company has now lost more than $950 billion in value since the stock hit a peak in November 2021.
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