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Oct. 20, 2020, 9:57 a.m. EDT

Tesla's stock falls again ahead of earnings, is in danger of longest losing streak in 7 months

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By Tomi Kilgore

Shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA +0.95% dropped 1.9% in morning trading Tuesday, to put them on track to suffer a fourth-straight decline. That would be the longest losing streak for the electric vehicle maker's stock since six-day stretch ended March 18. The current streak comes ahead of Tesla's third-quarter earnings report, which is scheduled to be released after Wednesday's closing bell. The stock has shed 8.4% during its current losing streak, which followed a six-day win streak in which the stock rallied 11.4%. The stock is now 15.2% below its Aug. 31 record close of $498.32. Over the same time, the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.88% has slipped 1.4%. Among other EV makers, shares of Nio Inc. /zigman2/quotes/204905836/composite NIO -5.09% rose 0.6% in morning trading Tuesday, Nikola Corp. /zigman2/quotes/208704275/composite NKLA -0.53% edged up 0.2% and Workhorse Group Inc. /zigman2/quotes/207314632/composite WKHS -2.65% fell 3.9%.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 599.04
+5.66 +0.95%
Volume: 29.40M
Dec. 4, 2020 4:00p
P/E Ratio
1,197
Dividend Yield
N/A
Market Cap
$562.47 billion
Rev. per Employee
$511,871
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/zigman2/quotes/210599714/realtime
US : S&P US
3,699.12
+32.40 +0.88%
Volume: 2.59B
Dec. 4, 2020 5:11p
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 43.04
-2.31 -5.09%
Volume: 191.97M
Dec. 4, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$61.77 billion
Rev. per Employee
N/A
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/zigman2/quotes/208704275/composite
US : U.S.: Nasdaq
$ 18.88
-0.10 -0.53%
Volume: 12.58M
Dec. 4, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.29 billion
Rev. per Employee
N/A
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/zigman2/quotes/207314632/composite
US : U.S.: Nasdaq
$ 22.07
-0.60 -2.65%
Volume: 11.76M
Dec. 4, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.73 billion
Rev. per Employee
$4,649
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