Tesla dip buyers return as stock snaps near-record losing streak

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Tesla dip buyers return as stock snaps near-record losing streak
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Dip buyers are on track to rescue Tesla from an eighth straight day of losses. Find out more.

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The stock erased a drop of over four per cent to trade higher by 3.8 per cent at 6:42 a.m. in New York. It’s poised to slightly trim a 69 per cent loss this year which has put Tesla among the worst performers on the S&P 500 Index in 2022 amid concerns about ebbing demand and wider jitters about growth assets. The company’s value has already slid below that of Walmart Inc., JPMorgan Chase & Co. and Nvidia Corp. after this year’s slump.

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