Tesla Inc.’s shares reversed most of their earlier losses to close with a slight drop, shrugging off a report that regulators opened an investigation into the electric-vehicle company.
The stock fell as much as 6.4% to $950.50 in morning trading in New York. That was a 23% decline from the record closing high of $1,229.91 touched barely a month ago on Nov. 4. A stock is said to enter a bear market when it falls 20% on a closing basis.
