A Tragic December for Tesla Stock

The initial trading hours of Wednesday saw a more than 3% decline in Tesla's stock.

One of Yahoo Finance's most-visited pages is still Tesla's ticker page.

as the brand's followers have become more agitated.

According to data from Yahoo Finance, the price of Tesla stock has dropped by 18% so far in December and by more than 50% so far in 2022.

The decline, which some analysts attributed to dwindling demand for the fully electric automobiles Tesla produces as a result of lowering gas prices,

Tesla is now trading below $200 for the first time since June thanks to this.

When Elon Musk announced that he had bought Tesla stock, the price of the company fell by over a third.

its last move inside of its San Francisco premises after Elon Musk shut down the Twitter project.

Elon Musk, the CEO of Tesla, reaffirmed his faith in the company, saying that, in the long run, it will be beneficial, despite the shares' continuous decline in value.