Tesla Stock Drops Premarket Following Car Price Cuts

Tesla’s Stock Continues to Decline #

Tesla’s stock fell more than 3.5% in premarket trading, adding to its 41% loss for the year. The decline makes Tesla the second-worst performer in the S&P 500, trailing only an insurer that faced negative attention due to a short-seller report. The electric-vehicle maker’s struggles in the market look set to continue.