why did tesla stock drop february 2021

New York CNN Business. Shares of Tesla TSLA 115 were pummeled on Monday.

Tesla Drops As Much As 13 Turns Negative For The Year

Tesla has grown from a market cap of 80 billion to more than 800 billion by early 2021.

. Entering 2021 Tesla was poised to have a great year. Tesla finished 2020 as one of the top-performing stocks of the year. The stock closed the trading day down about 86.

That momentum carried into 2021 with the stock hitting an all-time high on Jan. Shares of Tesla TSLA fell 6 Tuesday after. Dropped from 81 in February of 2020 to 69 in February of 2021 largely due to market share gains.

Answer 1 of 11. Tesla stock falling. Tesla saw its market cap increase tenfold in the space of a year.

Early in February Elon Musk announced that Tesla would shift nearly 8 of its cash reserves 15 billion to buy Bitcoin CCC. TSLA major institutional investors are making big moves with their holdings of the EV powerhouses stockNew reports show that at least three large firms. The automakers stock decline was likely.

By June the first Model S Plaid vehicles were being delivered hundreds of thousands of Model 3s were being delivered. Currently the price of Tesla shares is slightly higher than 900 after reaching an all-time high of 1222 at the beginning of November 2021. Since early November 2021 Teslas share price has dropped from 1236 to the current Feb.

TSLA is having a rough start to 2021. 3 2022 915 a drop of more than 25. Jonas estimates that Teslas market share of the EV market in the US.

February 17 2021 By Will Ashworth InvestorPlace Contributor Feb 18 2021 630 am EDT February 17 2021 Tesla NASDAQ. TSLA is trading lower by 3 in Thursdays premarket after missing fourth-quarter 2020 profit estimates by 023 per. At first the news was celebrated.

Even when Tesla reported its first annual profit and a 28 revenue increase for the year 2020 -- its best-ever financial result -- investors saw no cause to celebrate. Tesla the hottest stock in the market for more than a year has sunk into bear market territory. Published January 28 2021.

Comparing TSLA to the SP 500 SPY.

Tesla Stock Is Tumbling 4 Reasons Why Cnn Business