“Tesla shares slide 9% as traders take profits from 2020′s high-flying stocks”
July 24, 2020
“…The stock dropped 9%, building on a 5% decline from the previous session. Friday’s losses put Tesla on track for its first back-to-back weekly decline since early May; the stock was also headed for its worst day since May 1. That would also be the stock’s third one-week loss in 10 weeks.
Tesla’s recent declines come as other high-flying stocks fell as well. Amazon, Apple, Netflix and Alphabet were all down at least 0.8% Friday. Those losses come amid increasing concerns over the global economy as the coronavirus pandemic rages on and U.S.-China tensions rise…”