Shares of  $Tesla (TSLA.US)$  reversed Monday’s losses and ended the day mostly unchanged.
Tesla stock continues to remain under increased selling pressure. The emergence of the omicron covid variant appears to have put the brakes on the latest rally.
Bad things come in threes. The SEC has opened an investigation into TSLA that alleged the company failed to properly notify its shareholders and the public of fire risks associated with its solar panel systems.
News of the SEC probe initially sent Tesla shares down as much as 6.4% on Monday. That was more than 20% off their recent 52-week high of $1243 on Nov. 4, meaning they were in a bear market.
Will $Tesla (TSLA.US)$ keep falling? Make your guess!
Source:
Tesla shares fall into bear market territory after SEC reportedly opens probe into solar panel defects

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