Tesla hits new 52-week low in eight consecutive sessions. Is it a purchase?

Tesla (TSLA) – Get a free report the stock was buried, as it fell in eight of the last nine trading sessions and hit new 52-week lows in eight straight sessions.

Additionally, shares are now down for five consecutive months, evidenced by the current 33.7% drop in December. From an all-time high, Tesla shares are now down 69.2%.

Some blame Tesla’s decline solely on the bear market. Others blame CEO Elon Musk who keeps selling Tesla stock as the real culprit. Musk has also been distracted by Tesla since he took over as CEO on Twitter.

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