Tesla Stock Drops After 2 Days of Big Gains. Falling Car Prices Are a Negative Sign.
Tesla stock was losing steam Wednesday, after starting the week with two consecutive days of gains. Tesla shares were down 1.6% at $174.70 in afternoon trading, while the and were up 1% and 1.3%, respectively. The Monday and Tuesday wins restored roughly three-quarters of the loss from the previous week, when Tesla stock fell 7%.