: Tesla stock in danger of extending losing streak after doubling discounts on some models

0
18

Shares of Tesla Inc. TSLA, -1.76% inched 0.1% lower in premarket trading Thursday, but still had a fighting chance to snap a four-day losing streak, after the electric vehicle maker doubled the discounts on its Model 3 and Model Y EVs. The stock has tumbled 12.7% the past four sessions to close Wednesday at the lowest price since November 2020. “Take delivery of a new Model 3 or Model 6 between December 21 and 31, 2022 for a $7,500 credit and 10,000 miles of free Supercharging,” Tesla said on its website. The $7,500 credit is up from $3,750 offered earlier this month, as Dow Jones Newswires reported. The stock has lost more than half its value (52.3%) over the past three months through Wednesday, while the S&P 500 SPX, +0.59% has gained 3.2%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleNerdWallet: There’s still time to make these smart tax moves before the end of the year—your future self will thank you
Next articleThe Moneyist: ‘I’m left with a $100 Bûche De Noël for 10 people — and no place to go’: My friends canceled Christmas dinner. Should I end the 30-year friendship?

LEAVE A REPLY

Please enter your comment!
Please enter your name here