Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.

Shares in the Elon Musk-owned company slid nearly 4% in intraday trading Thursday, in what now stands as the third worst week for the stock in 2024, a year that has been dismal for Tesla investors. The Austin, Texas company’s shares are down 12.4% this week and more than 39% this year.

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep…{ai:summary}<p>Tesla's stock takes a nosedive below $150, wiping out gains from the past year due to declining sales and discounts. Elon Musk's company faces a tough 2024, with shares plummeting 12.4% in a single week. #economy</p>

Tesla shares tumble below $150 per share, giving up all gains made over the past year

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