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Kiplinger

Business

Joey Solitro

What Does Tesla Stock's Latest Slide Mean for Investors?

Tesla Inc. Elon Musk ARK

Impact.

Tesla (TSLA) stock has had a rough start to 2024, falling more than 35%. It's now down nearly 50% from its 52-week intraday high of $299.29 reached back in July 2023. What's causing the weakness?

The decline in Tesla's stock has been caused by multiple factors, including a top- and bottom-line miss in its fourth-quarter earnings release and very weak first-quarter delivery results.

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Top stories on inkl right now

Pennsylvania shooter who killed 8 was family’s patriarch, slain toddler’s dad says

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Another surveillance fiasco.

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Georgia family of 5 dead in apparent murder-suicide

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