The company's stock plunged by 9% on Tuesday, poised to end 2022 on a grim note.
Why it matters
: Investors are expressing dissatisfaction with Elon Musk by punishing Tesla's shares, with the billionaire distracted by his tumultuous buyout of Twitter. Meanwhile, Tesla is facing challenges associated with a slowing global economy and reported troubles in China, its largest market.: A rout in blue chip and technology shares, and the failure of traditional year-end "Santa Claus" rally to materialize, has helped Tesla's market losses snowball, with the stock having fallen for seven consecutive days.
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