Tesla stock fell 0.7% to $439.38 in early trading on Wednesday, while the S&P 500 was down 0.1%.
Early prices left Tesla stock up about 9% year to date and up around 106% over the past 12 months. Shares were also up 32% since the company’s second-quarter earnings report on July 23.
Shares were off about 8% from an all-time high of almost $489 reached in Dec. 2024. Shares were up about 107% from a 52-week low reached in Oct. 2024.