Summary List PlacementTesla tumbled as much as 12.2% on Tuesday, extending losses following a similarly sized plunge the session prior.
The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world’s richest person.
Tesla’s latest slump follows confusion over Model Y availability and risk from plummeting bitcoin prices.
Watch Tesla trade live here.
Investors continued to dump Tesla on Tuesday, dragging shares to their lowest level since late December.
The automaker sank as much as 12.2% after markets opened. The drop is set to extend a three-day losing streak for Tesla stock that intensified at the start of the week. The Wednesday-to-Monday losses have seen Tesla’s total market cap drop by $80 billion and led CEO Elon Musk to relinquish his title of the world’s wealthiest person.
Tesla traded at a record high of $900 just one month ago as extreme bullishness toward the company’s…