It’s been a wild ride for Tesla shares, which are on track for their worst month ever
Tesla’s recent sell-off has deepened over worries about softening demand for electric cars and Elon Musk’s distraction with Twitter.
Tesla stocks dropped almost 10 per cent on Thursday to their lowest level since September 2020.
Dan Ives from Wedbush Securities said Musk’s recent poll to remove himself as Twitter CEO is a win for the car manufacturer.
Tesla’s website showed it was offering discounts on Model 3 and Model Y electric vehicles delivered in the U.S. this month.
Tesla’s stock has tumbled 36 per cent so far in December.