Tesla shares continue to dip, stock dips below $1,000

Tesla Inc. (NASDAQ: TSLA), the largest EV-maker, has recently seen its stock dipping drastically. The TSLA stock was priced at $996.97, down by 2.92% (losing 29.99 points) in the pre-market trading session today. The market capitalization of the company at $1.03 trillion. Moreover, during the trading session, it traded at $989, dropping by 3.7% (down by 37.96 points) at 10:02 a.m. ET.

The TSLA stock had earlier closed at $1,026.96, down by 3.54% (losing 37.74 points) last week. The stock had lost 2.79%, down by 29.70 points, and traded at $1,035 at 12:19 p.m. ET on Friday. The market capitalization stood at $1.04 trillion. The 24-hour trading volume was 13,783,932 which was almost half of the average share volume of 27,460,087.

The TSLA stock was recently nearing the $1,200 mark again, however, it now is dipping instead of reaching new heights. In the beginning of the year 2022, on January 3, the shares closed at $1,199.78. Since then, the stock had lost a huge 13.73%, dropping by a massive 164.78 points in the previous week.

EV Competitors

Lucid Group Inc. (NASDAQ: LCID), the EV-maker whose stock earlier outperformed Tesla and Rivian, is seeing its share prices dropping again. The LCID stock was down by 1% and traded at $41.36 (losing 0.62 points) at 9:55 a.m. ET. The market capitalization stood at $68.3 billion then. The stock had earlier gained over 13% on Friday’s trading session.

Rivian Automotive Inc. (NASDAQ: RIVN), the fairly new entrant in the EV-stock list, has seen its stock dipping majorly since the onset of the new year. The RIVN stock was down by 7.22% and traded at $80.05 (losing 6.23 points) at 10:00 a.m. ET in today’s trading session. The market capitalization of the stock was $72.1 billion.

It will be intriguing to watch if these dipping stocks will change the course or not.

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