Tesla Stock Price Crash Continues on BYD Battery Tech, RBC Downgrade
- Tesla stock is barreling toward a ninth-straight weekly drop, falling another 5% on Tuesday.
- Shares have now plummeted 53% from record highs reached in mid-December.
- There are two new factors behind the Tesla sell-off, and two evergreen issues weighing on shares.
Tesla investors had another rocky day on Tuesday, with shares down as much as 7% before closing 5% lower.
The stock is headed for a ninth-straight weekly loss, and now sits 53% below the all-time highs reached in mid-December.
As each day passes, the list of headwinds facing the EV maker seems to grow. In addition to existing pressures, Tesla on Tuesday faced fresh competition from China and an analyst price-target cut.
Below are four…
