Tesla’s stock falls again as pullback is set to extend to 3rd day

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Shares of Tesla Inc. dropped 6.7% in premarket trading Thursday, as the correction from its post-stock-split record close earlier this week looks set to extend to a third-straight session. If the stock opens at current implied prices, the stock would be down 16.3% since Monday’s record close of $498.32, which would put it on track to suffer the biggest 3-day percentage decline since it plunged 33.9% during the 3 days ended March 18 as the COVID-19 crisis was taking hold. Despite the pullback, the stock was still up 153.3% over the past three months through Wednesday and has soared 434.7% year to date, while the S&P 500 has gained 10.8% this year.
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