Tesla Stock Falls 4.95%... Impact of Treasury Yields and Profit-Taking Sales

Tesla Stock Falls Nearly 5%, Closes at $431 Range

Shares of American electric vehicle company Tesla fell sharply on the last Friday of December.

On the 27th (local time) in the New York Stock Exchange, Tesla's stock closed at $431.66, down 4.95% from the previous day. On that day, Tesla's stock opened at $449.52, lower than the previous closing price of $454.13, and continued to decline throughout the day.

The U.S. financial media Barron's cited the rise in U.S. Treasury yields as the main reason for Tesla's stock decline. The 10-year U.S. Treasury yield recorded a 0.1 percentage point increase from last week, reaching the 4.6% range. The previous day, it had risen to 4.64%, marking the highest level in seven months since May.

Barron's also reported that investors are focusing on Tesla's fourth-quarter delivery volume. Wall Street analysts estimate Tesla's Q4 deliveries to be about 510,000 units, slightly below the company's target of 515,000 units.

Additionally, due to the sharp rise in the stock price so far, there appears to be selling pressure from investors looking to realize profits. Tesla's stock rose 84% over seven weeks from December 6, just after the U.S. presidential election, to December 24, Christmas Eve. The stock price increase rate for this year up to that day was about 74%.