EnergyWatch

Tesla shares approach bear market

Tesla has dropped nearly 20 percent and is approaching bear-market territory, while competitor Rivian doubled in the same period.

Photo: ARND WIEGMANN/REUTERS / X90184

Following last week's tumble, Tesla stock is now approaching bear-market territory with a decline of around 20 percent.

Monday, Tesla shares fell 1.9 percent to USD 1,013.39, and it has now declined by 17.6 percent since its most recent record of USD 1,229.91 last Friday.

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