Posted 10/23/2023, 2:42:00 PM
Tesla Stock Rebounds Slightly After Steep 4-Day Slide, But Remains Mired in Worst Stretch This Year
- Tesla stock bounces back after dropping 4.5% within first 15 minutes of trading, but still headed for worst 4-day stretch this year
- Stock has tumbled 17.3% over 4 days, worst since 18.1% drop in late December 2022
- Selling off since disappointing Q3 results on Oct 18, along with Model X recall and increased capex spending
- Stock down 18.9% in past 3 months vs 7% drop for S&P 500
- Hit lowest intraday price since June 1 around $202.50 before paring losses
