Why Tesla Stock Plunged 26% in July
Was last month a warning sign or an opportunity for Tesla investors?
Overview
Tesla (NASDAQ: TSLA) stock is coming off its worst month in over three years. The electric vehicle (EV) leader lost 26% of its value in July, according to data provided by S&P Global Market Intelligence. That was the largest monthly drop since December 2022.
The stock plunged 40% that month but rebounded strongly, posting a 47% gain in January 2023. If history repeats itself, now may be a great time to jump into Tesla stock. Investors should be cautious, though.
Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.