Shares of Tesla (NASDAQ: TSLA) are trading lower on Tuesday. The company's stock lost 7.3% as of 10:45 a.m. ET and lost as much as 7.6% earlier in the day. The drop comes as the S&P 500 lost 0.9%, and the Nasdaq Composite lost 1.

On February 20, Tesla’s 50-day moving average shifted into a bearish trend as the telltale trendline shifted into a declining pattern. The last time Tesla’s 50-day followed a similar trend was January 24, 2024. That shift in the stock’s momentum preceded a 22% decline in Tesla shares over two-month period.

Tesla stock has been weak lately as investors digest early sales data and try to determine whether a drop is due to random fluctuations—or something more serious. It’s still too early to tell, but the data aren’t great.

Tesla (NASDAQ:TLSA) stock has had a rough go of things over the past few weeks. Weakening EV sales and delivery numbers, increasing competition

Constellation Research founder and chairman Ray Wang says a potential investment from Tesla Inc (NASDAQ: TSLA) in Japan’s Nissan Motor Co Ltd (TYO: 7201) would be a “brilliant move”. His remarks arrive shortly after reports that a powerful Japanese group is seeking a Tesla investment in Nissan after the latter failed to negotiate a merger with

Shares of Nissan Motor Co. plunged as much as 10%, the most in three weeks, after Tesla Inc. Chief Executive Officer Elon Musk dismissed a report that he was interested in investing in the ailing carmaker.