Tesla, the electric vehicle manufacturer, saw its shares continue to decline for the third consecutive day, losing over 3% during trading on July 24, according to CNBC.
This week, Elon Musk's company has seen its stock drop nearly 19%. The largest drop occurred on Thursday, when shares plummeted by 15%.
The negative trend in the stock market is directly related to the recent announcements from the automaker's management. Investors began to actively divest from assets after the company warned of an impending rise in financial costs associated with the development of artificial intelligence technologies.
