Why Tesla Stock Tumbled 28% in February
After soaring following the election, Tesla (NASDAQ: TSLA) stock ran into a wall in February as a number of news items, macro challenges, and CEO Elon Musk's involvement in the Department of Government Efficiency (DOGE) initiative all seemed to contribute to a sharp pullback in the stock.
When the dust settled for February, the stock had lost 28%, according to data from S&P Global Market Intelligence.
As the chart below shows, the stock fell through most of the month.
Source Fool.com
Tesla Inc Stock
€295.85
0.320%
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