Shares of electric-vehicle giant Tesla have fallen for seven straight days, marking the longest losing streak for the stock since September 2018.
Tesla stock slipped Tuesday to end at a more-than two-year low, and its market value fell along with it. Concerns about demand for new Tesla vehicles looks to be the biggest reason.
Tesla shares (ticker: TSLA) closed at $109.10 on Tuesday, down $14.05, or 11.41%. It’s the lowest close since Aug. 13, 2020, when shares ended at $108.07, according to Dow Jones Market Data.
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