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Tesla Has Been Getting Hammered

Matthew DeBordDec 9, 2014, 04:34 IST

After recovering some momentum following a selloff in September, Tesla stock is once again getting clobbered.

Investors regained confidence in CEO Elon Musk's electric-car startup following the debut of the Model D at a spectacular event in Los Angeles in early October.

But since mid-November, the stock has been sliding. It closed on Monday at $214, down from a recent peak of $259, which it hit on Nov. 14.

Shares are now well below a trading-day high of $291, achieved on Sept. 4.

Why the dip?

Some of is probably due to noise around the company. There was a dustup over the specifics of Tesla's relationship with BMW. Both Daimler and Toyota - two former Tesla partners - decided to sell their stakes in the company.

And it's unclear whether Tesla will meet its 2014 sales goals.

But the stock is still up over 1,000% since Tesla's 2010 IPO.