Tesla slides into bear market territory as valuation falls below $1 trillion

Dow Jones2021-12-14

MW Tesla slides into bear market territory as valuation falls below $1 trillion

By Claudia Assis

Tesla Inc.'s valuation fell under $1 trillion on Monday, with a loss of more than 4% sending the stock flirting with bear market territory.

Tesla shares $(TSLA)$ were down 4.7%, bringing December losses to more than 14%, which is shaping up to be the stock's worst monthly performance since March 2020.

A close around current levels would be the lowest since Oct. 22, when the stock closed at $909.68.

It would also be down 21.35% from its record closing high of $1,229.91 on Nov. 4, signaling a bear market, which, as many on Wall Street define it, is marked as a decline of at least 20% from a peak. It would be Tesla's third bear market of the year.

Tesla's valuation shot past $1 trillion in October, on the heels of news that Hertz Global Holdings Inc. planned to order 100,000 Tesla vehicles.

-Claudia Assis

 

$(END)$ Dow Jones Newswires

December 13, 2021 15:51 ET (20:51 GMT)

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精彩评论

  • Mccoy
    2021-12-14
    Mccoy
    Just close the book for 2021 and start to think about the strategy for 2022.
  • koolgal
    2021-12-14
    koolgal
    Just a temporary setback for now.  It should recover long term.  Today all the US indexes are down too.  Investors are worried about the impact of Omicron and the outcome of Feds response to inflation at all time high of 6.8% in 39 years. Go Tesla! 🚀🚀🚀🌙🌙🌙
  • robot1234
    2021-12-14
    robot1234
    Tesla is market leader for EV. Fantastic prospect with global warming. After the year long bull run, valuation no longer cheap. Short term volatility is to be expected 
  • cat101
    2021-12-14
    cat101
    Still a big winner for 2021
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