Tesla Loses 2 Years of Gains Amid Twitter Saga, Demand Fears
- Stock has lost $674 billion in value since November 2021 peak
- Musk’s stake sales, demand concerns have weighed on sentiment
Tesla has declined for three straight months.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Elon Musk’s latest sale of Tesla Inc. stocks, following repeated denials that he planned to offload more shares, is helping to wipe out the last vestiges of a rally in the electric carmaker over the past two years.
The stock closed down 7.2% at $177.59 in New York on Wednesday, dropping to its lowest since November 2020.