Shares of Tesla (NASDAQ: TSLA) fell again on Thursday in early trading hours. The electric car maker's stock declined as much as 6.5% during the trading day. As of 10:05 a.m. EST today, however, the stock was down about 3%. Then, by 10:30 a.m. EST, it was up about 1%.
The stock's fall in early trading on Thursday follows its 17% decline on Wednesday. Of course, even after the stock recovered today, shares are still down sharply from levels above $900 achieved on Tuesday. The pullback Wednesday and the initial decline today are likely due to shares taking a breather following a meteoric run-up recently. They are still up more than 210% over the last six months.
A Tesla Model 3. Image source: Tesla.