CNBC.com’s MacKenzie Sigalos Brings You Today’s Best Deals news securities. On today’s show, Pippa Stevens breaks down the Tesla stock slide. Additionally, Courtney Reagan explains Macy’s first quarterly profit in over a year.
Tesla drops to 13% and turns negative for the year
Tesla suffered large losses at the opening bell on Tuesday as investors pulled back from high-tech names, albeit throughout the Tesla session, in addition to Big Tech, recovered the majority of the first losses of the day.
Shares of the electric vehicle maker fell 13% – the worst day of action since September – before rebounding from the bottom. Shares ended the session with a loss of 2.19%.
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