Finance

Tesla drops another 6% in premarket, bringing two-day losses to 14%

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Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.

Frederic J. Brown | AFP | Getty Images

Tesla’s recent slide continued on Tuesday, as investors rotate out of high-flying tech names.

Shares of the electric vehicle maker dipped 6% during premarket trading on Tuesday, after losing 8.55% on Monday for its biggest daily loss since Sept.

Tesla is the poster child for disruptive tech stocks, which investors favored during the depths of the pandemic. The tech sector led the market out of the Covid-induced rout last year, but more recently investors have been looking elsewhere. Amid stimulus measures and a widescale vaccine rollout,…



Source cnbc.com

Tesla suffers its biggest fall since September 2020

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