As Tesla Sinks to 2-Year Lows, This Nasdaq Stock Just Doubled

Tesla keeps slowing down
The electric vehicle (EV) pioneer has seen its stock lose almost half its value since the beginning of the year, as concerns about an economic slowdown and various supply chain pressures have hurt high-growth stocks more broadly.
The most recent news affecting Tesla came over the weekend, as the automaker issued another recall, potentially affecting more than 321,000 Model 3 and Model Y vehicles.
More broadly, A shareholder lawsuit has challenged CEO Elon Musk's massive compensation package, alleging a failure from the Tesla board to exercise its fiduciary duties to investors. Musk's purchase of Twitter has required substantial financing that has included the sale of Tesla shares, putting downward pressure on their market price.