What Is Going On With Tesla Stock?

By Travis Hoium – Mar 15, 2024 at 11:25AM

NASDAQ: TSLA

Tesla

Market Cap

$537B

Today's Change

(-1.11%) -$1.89

Current Price

$168.29

Price as of April 26, 2024, 4:00 p.m. ET

Down 35% in 2024, Tesla stock is heading in the wrong direction, and news of more price cuts isn't helping.

Shares of Tesla (TSLA -1.11%) are down 35% so far in 2024, and the stock is now down over the last three years. This was once one of the hottest stocks for investors, so what happened? In this video, Travis Hoium covers the stock's drop and why there may be more pain ahead.

*Stock prices used were end-of-day prices of March 14, 2024. The video was published on March 15, 2024.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends BYD and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.