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  4. Tesla just snapped a losing streak that wiped out nearly $7 billion in investor wealth. 5 striking stats put its plunge into perspective.

Tesla just snapped a losing streak that wiped out nearly $7 billion in investor wealth. 5 striking stats put its plunge into perspective.

Tesla just snapped its longest losing streak since August 2018

Tesla just snapped a losing streak that wiped out nearly $7 billion in investor wealth. 5 striking stats put its plunge into perspective.

Tesla's performance in May

Tesla

Shares have declined 19% in May, placing the stock on track for its worst month since March 2018, when it fell more than 22%.

Shares have been under significant pressure since Tesla's bigger-than-expected first-quarter loss

Shares have been under significant pressure since Tesla

Tesla reported a first-quarter loss last month that was larger than Wall Street was expecting.

The stock fell 8% over the next two days as some analysts cut their price targets and reassessed the company's direction.

Since the stock-market close on April 24, the day the report was released, Tesla shares have fallen 24%.

Tesla is on track for its worst annual performance as a publicly traded company

Tesla is on track for its worst annual performance as a publicly traded company

With the stock's 42% decline so far this year, Tesla is on track for its worst annual performance since it went public in 2010.

It's only negative year was in 2016, when it fell 11%.

Tesla's best year was in 2013, when the stock soared 344%.

Shares have been cut in half since Musk's "funding secured" tweet

Shares have been cut in half since Musk

On August 7, 2018, Musk tweeted, "Am considering taking Tesla private at $420. Funding secured."

He then posted a follow-up tweet that said shareholders could either sell at $420 a share "or hold shares & go private." That day, shares climbed as high as $387.46 apiece. They have since fallen 50%.

That initial declaration sparked a monthslong battle with the Securities and Exchange Commission, which was eventually settled in April.

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