Tesla shares fell for six straight sessions between May 15 and May 22.
That was the longest losing streak in nine months, going back to a seven-day skid in August 2018. Earlier that month, CEO Elon Musk sent shares soaring when he tweeted about having "funding secured" to take Tesla private. Shares ended that month with a small gain.
Shares have declined 19% in May, placing the stock on track for its worst month since March 2018, when it fell more than 22%.
Tesla reported a first-quarter loss last month that was larger than Wall Street was expecting.
The stock fell 8% over the next two days as some analysts cut their price targets and reassessed the company's direction.
Since the stock-market close on April 24, the day the report was released, Tesla shares have fallen 24%.
With the stock's 42% decline so far this year, Tesla is on track for its worst annual performance since it went public in 2010.
It's only negative year was in 2016, when it fell 11%.
Tesla's best year was in 2013, when the stock soared 344%.
On August 7, 2018, Musk tweeted, "Am considering taking Tesla private at $420. Funding secured."
He then posted a follow-up tweet that said shareholders could either sell at $420 a share "or hold shares & go private." That day, shares climbed as high as $387.46 apiece. They have since fallen 50%.
That initial declaration sparked a monthslong battle with the Securities and Exchange Commission, which was eventually settled in April.
US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
2 states where home prices are falling because there are too many houses and not enough buyers
A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
Women in Leadership
Rupee declines 5 paise to 83.43 against US dollar in early trade
Next Story