Tesla stock enters bear market territory, down 22% from July peak

Telsa Motors Inc. stock officially entered bear market territory on Monday, falling more than 20% from its July peak. The electric car-maker finished the regular session down 5.2% at $218.87, down 22% from $282.26, its closing level on July 20. The move came as Wall Street suffered one of its most volatile sessions in years, with the Dow Jones Industrial Average falling 1,000 points in early trade, before roughly halving that loss by the close. The S&P 500 fell into correction territory, having fallen more than 10% from its peak reached on May 21.

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From:: Stock Market News

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