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Shares of Tesla (TSLA -3.22%) are down 35% so far in 2024, and the stock is now down over the last three years. This was once one of the hottest stocks for investors, so what happened? In this video, Travis Hoium covers the stock's drop and why there may be more pain ahead.

*Stock prices used were end-of-day prices of March 14, 2024. The video was published on March 15, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends BYD and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Tesla Stock Quote
Tesla
NASDAQ: TSLA
$356.09
(-3.22%)-$11.86
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Toyota Motor Stock Quote
Toyota Motor
NYSE: TM
$198.05
(+0.77%)+$1.51
General Motors Stock Quote
General Motors
NYSE: GM
$85.63
(-0.80%)-$0.69
Ford Motor Company Stock Quote
Ford Motor Company
NYSE: F
$13.84
(-0.72%)-$0.10
BYD Stock Quote
BYD
OTC: BYDDF
$11.17
(+0.86%)+$0.10
Aston Martin Lagonda Global Plc Stock Quote
Aston Martin Lagonda Global Plc
LSE: AML
$33.20
(-0.90%)-$0.30

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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What Is Going On With Tesla Stock? | The Motley Fool