Tesla is the worst-performing stock in the S&P 500 this year
It’s been a bad day for stocks in general. It’s been a worse day for Tesla.
As of about 12:30 p.m. ET today, Tesla, which lost all of its election gains, is officially the worst-performing stock in the S&P 500 this year. The EV stock is facing numerous headwinds: declining sales, shrinking analyst estimates, growing competition, shrinking popularity, and the institution of tariffs on Mexico and Canada, where many of its parts are manufactured — all of which are weighing on its stock price.
