(XBT) down 9.3% in trading Monday, which may have helped to drag down Tesla shares. (XBT)-prices-fall-yellen-gates/index.html” target=”_blank”>helped to send the price of bitcoin (XBT) and another cryptocurrency called Ether “do seem high.” That (XBT) investment, Musk tweeted that the prices of both bitcoin That helped feed the recent rally in bitcoin and by some estimates earned Tesla a quick $1 billion profit - more than it has ever made from selling cars in a single year.īut on Saturday, in response to a critic of Tesla’s bitcoin Tesla announced earlier this month that it had invested $1.5 billion in bitcoin. Tesla’s stock is selling off for several reasons: The two have been swapping positions repeatedly this year. 2 position in the richest person on the planet list, behind Amazon It also knocked CEO Elon Musk into the No. The steep decline has taken Tesla shares below their level when the company entered the S&P 500 on December 21. (TSLA) shares have fallen below $700 since December 31. It fell low as $619 Tuesday, the first time Tesla The stock closed at a record just above $883 on January 26 and has tumbled since.

(TSLA) fell 6% Tuesday after closing down 8.5% Monday, wiping out its gains for the year. Tesla, the hottest stock in the market for more than a year, has sunk into bear market territory.

Why is zoom stock down