U.S. markets closed
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow 30

    31,097.26
    +321.83 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.11 (+0.90%)
     
  • Russell 2000

    1,727.76
    +19.77 (+1.16%)
     
  • Crude Oil

    108.46
    +2.70 (+2.55%)
     
  • Gold

    1,812.90
    +5.60 (+0.31%)
     
  • Silver

    19.85
    -0.50 (-2.44%)
     
  • EUR/USD

    1.0426
    -0.0057 (-0.54%)
     
  • 10-Yr Bond

    2.8890
    -0.0830 (-2.79%)
     
  • GBP/USD

    1.2103
    -0.0072 (-0.59%)
     
  • USD/JPY

    135.1750
    -0.5530 (-0.41%)
     
  • BTC-USD

    19,080.68
    -163.43 (-0.85%)
     
  • CMC Crypto 200

    420.84
    +0.70 (+0.17%)
     
  • FTSE 100

    7,168.65
    -0.63 (-0.01%)
     
  • Nikkei 225

    25,935.62
    -457.42 (-1.73%)
     

Why Tesla Stock Got Dented Today

·2 min read
Why Tesla Stock Got Dented Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

It's Monday, and with the Dow, S&P 500, and Nasdaq all down fractions of a percent, it seems stock markets are going into the red again today -- and so is Tesla (NASDAQ: TSLA). As of 11:10 a.m. ET, Tesla shares have fallen 4.2% on reports that COVID-19-related lockdowns in China have dented the company's (still impressive) market share in electric vehicles (EVs) -- and that the situation won't be immediately fixed. Tesla remains "dominant" in EVs, reports TheFly.com today, retaining a 20% market share, but competition is heating up and the company lost market share to new rivals in 2021.