Tesla stock sank in recent weeks on doubts about Elon Musk's plans to take the company private. That would represent a drop of about 18% from its high on August 7, moments after Musk tweeted his plans to take the company private. The market never seemed to believe that Musk could pull off his plan to buy out shareholders at $420 a share. Musk has said the company will be profitable in the second half of this year. Musk still faces possible sanctions from the SEC and shareholder lawsuits over his August 7 tweet, which promised he had "funding secured" to take Tesla private.

Source: CNN August 27, 2018 12:01 UTC