Tesla stock is down 70% this year, its biggest annual drop!
- Stock closes up 3.3% Wednesday after a seven-day losing streak
- Reduced output in China, discounts in US stoke demand worries
Tesla Fans Keep Buying, Unbowed by the $720 Billion Wipeout
Even the worst year ever for Tesla Inc. shares hasn’t shaken individual investors’ faith in the electric-vehicle maker and its billionaire chief executive officer, Elon Musk.