why did tesla stock drop in march 2021
Elon Musks company has long. Despite the recent drop Teslas stock price is still up over 300 percent over the past 12.
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Posted by Zaven Boyrazian MSc Published 17 May 2021 1022.
. Teslas share price has closed below its. However by the time the market closed shares were down 44. With Tuesdays losses Tesla turned negative for 2021.
The growth stock s decline is likely primarily due to a bearish day. Shares rose 13 in January compared to a 1 drop in the SP 500 according to data provided by SP Global Market. The Tesla share price dropped by just under 10 last week after some troubling car sales figures.
Shares of Tesla TSLA 020 stock shed 119 of their value in the month of May. The stock closed at a record just above 883 on January 26 and has tumbled since. TSLA data by YCharts.
TSLA took a hit on Friday. Zaven Boyrazian takes a closer look. Early in February Elon Musk announced that Tesla would shift nearly 8 of its cash reserves 15 billion to buy Bitcoin CCC.
Jonas estimates that Teslas market share of the EV market in the US. Dropped from 81 in February of 2020 to 69 in February of 2021 largely due to market share gains from the new Mustang Mach-E. Shares of Tesla NASDAQ.
Even when Tesla reported its first annual profit and a 28 revenue increase for the year 2020 -- its best-ever financial result -- investors saw. March 5 2021. Tesla shares have slumped in recent weeks losing 26 of their value between a record high in late January and its closing price Friday.
Tesla TSLA 124 stock outpaced a declining market last month. Shares of Tesla NASDAQ. The companys share price climbed nearly 7 on the months first trading day.
Shares of Tesla TSLA fell 6 Tuesday after closing down 85 Monday wiping out its gains for the year. Tesla stock has bounced back early in Marchs trading. At its worst point during the trading day the stock was down 63.
The stock closed down 31 at 57169 below the stocks 200-day moving average of 58256. Analysts are hoping that this business will boom even bigger in 2021 dropping as much as 2 billion in revenue straight down to Teslas bottom line and thus helping it. As of 1045 am.
Shares of electric vehicle EV manufacturer Tesla TSLA 074 fell 216 in March according to data provided by SP Global Market Intelligence and they havent stopped dropping in April. As you can see from the below chart the declines began early -- but things got really serious in. The car maker is the poster child for disruptive tech stocks which investors favored in the depths of the pandemic.
Tesla shed 855 on Monday. But at least one analyst sees better times ahead much. When the stock of Tesla the electric carmaker.
EST however the stock was down 4. TSLA fell on Monday declining as much as 72.
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