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Tesla Stock Dropped 50% From Its High. History Says This Will Happen Next.
Tesla (NASDAQ: TSLA) hit a record high of $480 per share in December after Donald Trump won the presidential election. The market assumed the relationship between CEO Elon Musk and President Donald Trump would benefit the company in some way, but that benefit has yet to materialize.Instead, Tesla stock tumbled more than 50% from its record high in early March, something that has happened only three times before. Shares have since rebounded slightly but remain 45% below their high. Fortunately, history says Tesla will eventually recoup its losses.As mentioned, Tesla stock has declined at least 50% from a record four times since the company went public in June 2010. We can review the first three incidents to make an educated guess about how the current one might play out. Here's what happened the last three times:Continue reading
Tesla (NASDAQ: TSLA) hit a record high of $480 per share in December after Donald Trump won the presidential election. The market assumed the relationship between CEO Elon Musk and President Donald Trump would benefit the company in some way, but that benefit has yet to materialize.
Instead, Tesla stock tumbled more than 50% from its record high in early March, something that has happened only three times before. Shares have since rebounded slightly but remain 45% below their high. Fortunately, history says Tesla will eventually recoup its losses.
As mentioned, Tesla stock has declined at least 50% from a record four times since the company went public in June 2010. We can review the first three incidents to make an educated guess about how the current one might play out. Here's what happened the last three times:
