Why Tesla Stock Dropped to Start the New Year
For the first time ever, the company realized a year-over-year decrease in the volume of EVs it shipped to customers. Shares declined by as much as 7.5% Thursday morning as a result. As of 11:15 a.m. ET today, the stock was still trading lower by 5.8%. That helped pause the late 2024 rally that led to a return of more than 62% last year.