Tesla stock has been beaten by shares of an unlikely cohort of traditional auto makers so far this year. Through midday trading Monday, Tesla stock was down 42% this year. Shares of Ford, GM, Stellantis, and Toyota were up about 6%, 7%, 25%, and 36%, respectively, over that same period.
(Bloomberg) -- Two and a half years ago, Tesla Inc. was worth almost $1 trillion more than Toyota Motor Corp., the world’s second-most valuable automaker.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsBillionaire Pinaults Fight to Pull Gucci Off the Discount RackApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020‘Magnificent Seven’ Roar Hours Away From Earnings: Markets WrapLately, that l
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