Tesla closes below $600 for the first time since December — here’s what’s weighing the stock down
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cnbc said that Shares in Tesla were down as much as 8% Friday morning. They’ve since recovered to finish down less than 4% as markets showed a dramatic bounceback late on Friday, but the stock has still lost more than 15% of its value the year, and finished below $600 for the first time since Dec. 4.
Here are some of the biggest factors weighing down the cult stock, and knocking the world’s wealthiest crown off Elon Musk’s head — the CEO owns about 22% of Tesla shares.
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CNBC International is the world leader for news on business, technology, China, trade, oil prices, the Middle East and markets.
