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.
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