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Tesla’s (TSLA) shares closed trading last Friday at $185. The electric vehicle (EV) manufacturer reported disappointing Q1 2023 earnings on Wednesday after the markets closed. On Thursday, predictably, TSLA stock dropped nearly 10%.
Heading into Friday trading, Tesla was down 12% on the week, adding to the stock’s woes over the past year. However, you've done well if you were brave enough to buy Tesla at the beginning of the year when it was trading near $100.