Tesla’s stock falls again ahead of earnings, is in danger of longest losing streak in 7 months

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Shares of Tesla Inc. dropped 1.9% in morning trading Tuesday, to put them on track to suffer a fourth-straight decline. That would be the longest losing streak for the electric vehicle maker’s stock since six-day stretch ended March 18. The current streak comes ahead of Tesla’s third-quarter earnings report, which is scheduled to be released after Wednesday’s closing bell. The stock has shed 8.4% during its current losing streak, which followed a six-day win streak in which the stock rallied 11.4%. The stock is now 15.2% below its Aug. 31 record close of $498.32. Over the same time, the S&P 500 has slipped 1.4%. Among other EV makers, shares of Nio Inc. rose 0.6% in morning trading Tuesday, Nikola Corp. edged up 0.2% and Workhorse Group Inc. fell 3.9%.
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