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March 28, 2018, 11:08 a.m. EDT

Tesla's stock tumbles toward biggest-ever monthly selloff

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By Tomi Kilgore

Shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA +5.04% sank 8.4% in morning trade Wednesday toward a one-year low, extending the previous session's 8.2% tumble, amid growing liquidity concerns and after the National Transportation Safety Board launched an investigation into a fatal crash last week. The stock's two-day plunge of 15.9% puts it on track to suffer the worst two-day performance since it lost 21.0% in the two days ending Nov. 7, 2013. The stock has now plummeted 25.4% so far this month, which would be its worst month since the electric car company went public on June 29, 2010, at an initial public average of $17. In comparison, the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% has lost 3.9% this month. Tesla's previous worst month was December 2010, when the stock tumbled 24.6%.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 407.34
+19.55 +5.04%
Volume: 67.21M
Sept. 25, 2020 4:00p
P/E Ratio
1,060
Dividend Yield
N/A
Market Cap
$361.35 billion
Rev. per Employee
$439,627
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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