But the Tesla’s stock run stands on it own. This year alone, it’s up 86 percent, outperforming every stock in the Standard & Poor’s 500, plus bitcoin and gold. Meanwhile, Tesla faced a slew of problems including concerns over demand, mounting quarterly losses and a shortage of cash. Ultimately, Tesla’s stock dropped to a low of about $177 in early June. But Tesla sales are a fraction of its rivals: GM and Ford each delivered more than 2 million cars in the United States in 2019.

Source: Washington Post February 04, 2020 16:09 UTC