Tesla's Stock Is Falling. Here's What's Dragging It Down
Tesla's shares were down early Monday after having fallen 0.5% to $187.9 in the final session of the last week.The stock move came after The Wall Street Journal reported over the weekend that Tesla CEO Elon Musk took drugs with some Tesla board members, citing people who have witnessed the drug use and others with knowledge of it.It said the volume of drug use by Musk and with board members has become concerning, according to some of these people. Barron's contacted Tesla for comment early Monday. Musk and his lawyer, Alex Spiro, didn't respond to requests for comment, when The Wall Street Journal said it had approached them.Tesla stock was 1.4% lower in premarket trading Monday. Nasdaq Composite futures were down 0.1%. Tesla shares have fallen 21.9% over the past month while the S&P 500 and Nasdaq Composite have risen 4.1% and 7.6% respectively.
