Autos

Tesla suffers its biggest fall since September 2020

0


Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020.

Ding Ting | Xinhua News Agency | Getty Images

Shares of Tesla closed down 8.55% on Monday, as investors betting on a pandemic comeback rotated out of Big Tech and piled into cyclical stocks.

It was Tesla’s biggest drop since Sept. 23, 2020, when it closed down 10.34%.

Shares of the company’s Big Tech peers also dropped Monday, with Apple, Amazon and Microsoft each closing down more than 2%. Overall, the Nasdaq Composite fell 2.5% on Monday, while the Dow Jones Industrial Average reversed a 200-point loss to close up 0.1%.

Tesla’s stock could also have been dragged down from…



Source cnbc.com

Home Depot (HD) earnings Q4 2020

Previous article

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

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Autos