Tesla stock drops more than 10% in two days as bitcoin also crashes

Tesla stock drops more than 10% in two days as bitcoin also crashes

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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