Tesla's stock falls toward worst 3-month stretch since going public 9 years ago

Tesla Inc.'s stock slumped 1.6% in morning trade, but remained on track to suffer its worst three-month stretch since the electric car maker went public in June 2010. The stock has lost 15.4% so far in May, after shedding 14.7% in April and 12.5% in March, for a total loss during that period of 36.9%. The previous biggest loss over a 3-month period was 32.4% in the three months ended February 2011. Among Wall Street's concerns are demand for the lower-priced Model 3, questions over management credibility and recent communications about "hardcore" cost cutting. Tesla's stock has now shed 39.3% year to date, while the S&P 500 has gained 14.0%.

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