Tesla shares were falling on Monday after a week of continuous declines.
Tesla (ticker: TSLA) fell 4% on Monday to $973.94, a one-month low. Shares are currently trading down 21% from their November 4 record high, putting them in bear market territory. Wall Street considers a bear market a decline of at least 20% from the closing high.
Tesla has lost about 14% in the past five days and about 15% in the past month. Tesla reached an all-time high market capitalization of $1.235 trillion, but its market cap has plummeted to $978 billion.
Selling Monday a . was inspired by Reuters Report that the Securities and Exchange Commission had launched an investigation over a whistleblower complaint that the company failed to inform shareholders and the public about solar panel defects.
SEC and Tesla spokespeople were not immediately available to comment. baron’s Request for confirmation of SEC investigation.
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