Tesla’s stock heads for 3rd straight loss in wake of Cybertruck launch

Shares of Tesla Inc.
slumped 1.7% in premarket trading Friday, putting them in danger of a third-straight loss, as the much-anticipated launch of electric vehicle giant’s Cybertruck hasn’t provided a fresh buying spark. The stock has lost 2.7% over the past two sessions, after closing Tuesday at a six-week high. At current premarket prices, the stock has shed 6.6% since it reached an intraday high of $252.75 on Wednesday. But despite the stock’s pullback, it still soared 19.5% in November to snap a three-month losing streak in which it tumbled 24.9%. And the stock was still up 94.9% year to date, while the S&P 500
has gained 19%.

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