Tesla stock is in the midst of losing the most market valuation from a high in its history of being a public company. Shares of the EV maker are down 64% from a peak last November, marking the stock’s largest drawdown dating back to its IPO in 2010, according to data from Compound Capital. The recent 407-day stretch of selling pressure has eclipsed the 60.6% drop from a peak derived over 28 days from Feb. 19, 2020 to Mar. 18, 2020 (chart below). More recently, Tesla stock is down 22% in… Source link
Read More »Tesla stock has now seen one of its largest drawdowns in history
Tesla stock is in the midst of largest drawdown since the company went public back in 2010. Shares of the EV maker are down 64% from a peak last November, marking the stock’s largest drawdown since its market debut, according to data from Compound Capital. The recent 407-day stretch of selling pressure has eclipsed the 60.6% drop from a peak seen over the 28 days from Feb. 19, 2020 to Mar. 18, 2020 (chart below), when the onset of the COVID-19 pandemic rocked markets worldwide. More recently,… Source link
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