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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.

Tesla's Stock Is Falling. Here's What's Dragging It Down

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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.","content":"<html><head></head><body><p>Tesla&#39;s shares were down early Monday after having fallen 0.5% to $187.9 in the final session of the last week.</p><p>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.</p><p>It said the volume of drug use by Musk and with board members has become concerning, according to some of these people. Barron&#39;s contacted Tesla for comment early Monday. Musk and his lawyer, Alex Spiro, didn&#39;t respond to requests for comment, when The Wall Street Journal said it had approached them.</p><p>Last week, in separate news, a Delaware court voided Musk&#39;s pay package, which awarded him some 300 million options that vested based on hitting performance milestones, according to multiple media reports. The ruling, which MarketWatch said essentially nullifies Musk&#39;s $55.8 billion pay package, could have wide implications for the rest of corporate America. Musk is considering moving the legal incorporation of Tesla from Delaware to Texas.</p><p>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&amp;P 500 and Nasdaq Composite have risen 4.1% and 7.6% respectively.</p><p>Tesla was trading well off its 52-week high of $299.29, which the company reached last summer.</p><p>The stock was outperformed by some of its competitors Monday as Lucid rose 1.2% to $3.35, NIO rose1.3% to $5.61, but BYD was down by 0.6% in Hong Kong trading. General Motors fell 0.2% to $38.83.</p><p>Tesla&#39;s trading volume of 110.6 million shares was 6.5 million below its 65-day average volume of 117.1 million at Friday&#39;s close.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Stock Is Falling. 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Here's What's Dragging It Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-05 21:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla&#39;s shares were down early Monday after having fallen 0.5% to $187.9 in the final session of the last week.</p><p>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.</p><p>It said the volume of drug use by Musk and with board members has become concerning, according to some of these people. Barron&#39;s contacted Tesla for comment early Monday. Musk and his lawyer, Alex Spiro, didn&#39;t respond to requests for comment, when The Wall Street Journal said it had approached them.</p><p>Last week, in separate news, a Delaware court voided Musk&#39;s pay package, which awarded him some 300 million options that vested based on hitting performance milestones, according to multiple media reports. The ruling, which MarketWatch said essentially nullifies Musk&#39;s $55.8 billion pay package, could have wide implications for the rest of corporate America. Musk is considering moving the legal incorporation of Tesla from Delaware to Texas.</p><p>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&amp;P 500 and Nasdaq Composite have risen 4.1% and 7.6% respectively.</p><p>Tesla was trading well off its 52-week high of $299.29, which the company reached last summer.</p><p>The stock was outperformed by some of its competitors Monday as Lucid rose 1.2% to $3.35, NIO rose1.3% to $5.61, but BYD was down by 0.6% in Hong Kong trading. General Motors fell 0.2% to $38.83.</p><p>Tesla&#39;s trading volume of 110.6 million shares was 6.5 million below its 65-day average volume of 117.1 million at Friday&#39;s close.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK0188":"融资融券","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK1119":"汽车制造商","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU0823426308.USD":"法巴中国股票基金","LU0823414478.USD":"法巴经典能源转换基金","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0097036916.USD":"贝莱德美国增长A2 USD","BK0183":"MSCI概念","BK4511":"特斯拉概念","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","BK4548":"巴美列捷福持仓","BK1540":"电池","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4555":"新能源车","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK0264":"汽车制造","BK4559":"巴菲特持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2409101839","content_text":"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.Last week, in separate news, a Delaware court voided Musk's pay package, which awarded him some 300 million options that vested based on hitting performance milestones, according to multiple media reports. The ruling, which MarketWatch said essentially nullifies Musk's $55.8 billion pay package, could have wide implications for the rest of corporate America. Musk is considering moving the legal incorporation of Tesla from Delaware to Texas.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.Tesla was trading well off its 52-week high of $299.29, which the company reached last summer.The stock was outperformed by some of its competitors Monday as Lucid rose 1.2% to $3.35, NIO rose1.3% to $5.61, but BYD was down by 0.6% in Hong Kong trading. General Motors fell 0.2% to $38.83.Tesla's trading volume of 110.6 million shares was 6.5 million below its 65-day average volume of 117.1 million at Friday's close.","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":22,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}