Tesla shares approach bear market territory on prolonged selloff
$Tesla(TSLA.US$ shares are nearing bear-market territory after tumbling over the past week as Chief Executive Officer Elon Musk sold a chunk of his stock in the electric vehicle maker, and hinted that he may sell more.
The shares dropped as much as 5.3% on Monday in New York, retreating more than 20% from the record high of $1,229.91 touched on Nov. 4. The stock then recovered a bit to close down 1.9% at $1,013.39, marking a nearly 18% decline from the high. A stock enters a bear market when it falls 20% on a closing basis.
Source: Bloomberg
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Kopi Gao : some way to go before bargain hunters return
THEWIZARD : Waiting for more realistic and fair value.
kat kukuuu THEWIZARD: How long do you think you need to wait
THEWIZARD kat kukuuu: No idea. Depends on market price actions and market conditions at that point in time.
Good cash always meet great deals around the rightful time.
moom lives : Will it fall more in the future?
THEWIZARD moom lives: Future = Next 12 hours? Next day? Next week? Next month? Next Q? Next year?
satay77777 : latest
JiakFreeNiu : To the moon become to the mars