Why Tesla Hit Another 2-Year Low Today
Tesla (NASDAQ: TSLA) shares continued a slide today that has sent the stock price plunging by 55% since late September.
The list of reasons why is long and growing longer. Today, shares were down another 6.5% at the lows of the day as of 3:25 p.m. ET. That marks the lowest level since early November 2020.
Tesla shares had been overvalued for a long time based on the fundamentals. But the promise of its growth rate and potential additional contributors, like its battery and energy segment, helped prop up its stock price.
Source Fool.com
