Tesla's stock has experienced significant declines, making it the worst-performing stock in the S&P 500 for the year 2024, with a decrease of -34.5%, surpassing even Boeing, which has faced its own set of challenges with a -27.5% drop. Tesla shares have seen a premarket loss of 2.6% and an additional drop of 4.5%. This downturn is attributed to various factors, including competition in the AI software domain, as companies like Intel, Qualcomm, and Google plan to challenge Tesla's dominance through the UXL Foundation. Nvidia, another tech giant, also saw its shares decline by 3.3% and 1.2% premarket after the news. The situation reflects a tough year for Tesla, with its stock slump being highlighted as a significant downturn, making it a less desirable company to be associated with, especially when compared to its past performance.
Worst performing S&P stocks YTD: 1. Tesla: -34.5% 2. Boeing: -27.5% Not the kind of company you want to be keeping these days if you're Elon
$TSLA ❖ TESLA SHARES DROP 4.5%
Tesla's stock slump makes it the S&P 500's worst performer this year, beating out troubled Boeing, in what's looking like a rather unmagnificent quarter for Musk's EV maker, @liamdenning says https://t.co/jVgLrNPQ0h via @opinion
Musk’s currency is deflating as Tesla's terrible 2024 turns the Magnificent 7 Into 6. Tesla’s stock slump this year has taken it past Boeing as the worst performer in the S&P 500. Via @liamdenning https://t.co/sG79CGnL1a
“.. How bad is 2024 going so far for Tesla Inc.? Well, its stock is down more than Boeing Co., making it the worst performer in the S&P 500 Index.” @opinion @liamdenning $TSLA $BA https://t.co/95QEF1KPvy https://t.co/InZ4R8byuJ
$NVDA ❖ NVIDIA SHARES DOWN 1.2% PREMARKET AFTER REUTERS REPORTS INTEL, QUALCOMM, GOOGLE EXECUTIVES SAY THEY PLAN TO BATTLE CO'S AI SOFTWARE DOMINANCE THROUGH UXL FOUNDATION
Tesla's stock slump makes it the S&P 500's worst performer this year, beating out troubled Boeing, in what's looking like a rather unmagnificent quarter for Musk's EV maker, @liamdenning says https://t.co/tq9UE0Fs6p
Tesla and Boeing Are the Worst Stocks in the S&P 500 This Year. What They Have in Common. https://t.co/5Fta2cBhl0
TESLA IS CURRENTLY THE WORST PERFORMING STOCK IN ALL OF THE S&P 500 SO FAR IN 2024 TESLA IS PERFORMING WORSE THAN EVEN BOEING DESPITE ITS VARIOUS NEW SCANDALS $TSLA
$NVDA ❖ NVIDIA SHARES EXTEND DECLINES, LAST DOWN 3.3%
$TSLA ❖ TESLA SHARES EXTEND PREMARKET LOSSES, LAST DOWN 2.6%