Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

Why Tesla Shares Are Diving Today

Elon Musk Nasdaq Tesla Inc.

Tesla Inc (NASDAQ:TSLA) shares are trading lower by 6.74% at $629.44. Shares of several companies in the broader automotive space are trading lower amid a continued selloff in stocks.

Tesla shares are also trading lower by 15.46% over the trailing five sessions. CEO Elon Musk is also under fire following a Business Insider report outlining a sexual misconduct claim against Musk in 2018. SpaceX reportedly paid the victim $250,000. 

The stock also continues to trade lower amid overall market weakness along with uncertainty surrounding Elon Musk's Twitter deal. Some investors have shown concern for how much time Musk spends on the Twitter deal, possibly distracting him from his other businesses.

See Also: Why Pinterest Shares Are Sliding Today

According to data from Benzinga Pro, Tesla has a 52-week high of $1,243.49 and a 52-week low of $546.98.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
10 Everyday Products Your Grandparents Didn’t Need (And You Probably Don’t Either)
Ever wonder why your grandparents managed fine without half the gadgets filling your home today? From single-purpose kitchen tools to trendy electronics, many everyday products...
Saving Advice
Saving Advice
‘The M’s came off of the M&M’S’: Man says what happened to his Culver’s ice cream topping is proof of how hot it is
One man revealed just how really hot it is outside after something strange happened to his Culver’s ice cream with MM’s. TikToker Matt Bray (@mattbray37) shared a short clip of his dessert, which unsurprisingly has already melted. However, he–and millions of viewers–didn’t expect his choice of topping to melt, too.
The Mary Sue
The Mary Sue
7 Foods You’re Cooking Wrong Without Realizing It
If you’ve ever followed a recipe to the letter and still ended up with a meal that’s just “okay,” you’re not alone. Many home cooks unknowingly make small mistakes that can turn even the best ingredients into lackluster dishes. The truth is, some of the most common foods in your…
Grocery Coupon Guide
Grocery Coupon Guide
‘Dogs can detect…’: Woman’s dog starts doing something unusual to her face. Then viewers tell her she needs to get her health checked
'I would go see your doctor.'
The Mary Sue
The Mary Sue
Charli xcx at Glastonbury review – a thrilling hostile takeover by a pop star at the peak of her powers
Playing to a dizzyingly huge crowd, for many this is Saturday’s true headlining set: a bawdy and uncompromising icon playing alone with no frills
The Guardian - UK
The Guardian - UK
How does Marburg virus spread between species? Young Ugandan scientist’s photos give important clues
In the shadows of Python Cave, Uganda, a leopard leaps from a guano mound – formed by bat excrement – and sinks its teeth into a bat. But this is no ordinary bat colony. The thousands of Egyptian fruit bats (Rousettus aegyptiacus) found in this cave are known carriers of…
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play