Shares of Tesla (NASDAQ: TSLA) are taking a hit on Monday. Shares fell as much as 8.7% and are down 7.8% as of 12:15 EST.

The stock's decline comes as the broader market sells off on Monday due to fears about the spread of the coronavirus to South Korea and Italy. At the time of this writing, the S&P 500 is down 3% and the Nasdaq Composite is down 3.6%.

Image source: Tesla.

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Source Fool.com