Published on 28 May 2024 on TheStreet via Yahoo Finance
Updated at 9:36 AM EDT
Tesla shares edged lower Tuesday, extending their year-to-date slump to around 28%, as investors continue to grapple with a key long-term risk tied to CEO Elon Musk's ambitions in AI technologies.
Tesla (TSLA) shares have shed nearly $230 billion in value this year as the electric-vehicle maker faces headwinds tied to fading EV demand, higher interest rates, supply chain disruptions and a dearth of new model launches.