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Tesla’s stock veers closer to $150 level as it plumbs new lows

Tesla Inc. shares plumbed new lows on Tuesday, veering closer to trading under $150. The stock traded as low as $161.30, down more than 3%, on track to spend a sixth out of seven sessions in the red. A close around current levels would be Tesla’s lowest since Nov. 18, 2020. Tesla shares have stayed near those November 2020 lows for the past few sessions, down more than 6% on Monday, as investors worry about cooling demand and slowing production. So far this year, the stock has lost 54%, compared with losses of around 15% for the S&P 500 index .

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