Why Tesla Stock Tumbled 12% in May
What happened
Shares of Tesla (NASDAQ:TSLA) stock shed 11.9% of their value in the month of May. As you can see from the below chart, the declines began early — but things got really serious in the month’s second week.
TSLA data by YCharts.
So what happened to spark those declines?
So what
In a word: China.
That really big drop in Tesla’s share price that you see happening early last month coincided with a report that April sales of locally made Teslas in China crashed 27% from March levels. The…
