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.

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Source Fool.com