Tesla’s stock falls again, toward longest losing streak in a month

Shares of Tesla Inc.

TSLA

dropped 1.4% in premarket trading Wednesday, to put them on track for a fourth straight decline. The stock had slid 5% over the past three days, as the Global X Autonomous & Electric Vehicles ETF

DRIV

gave up 3.5% and the S&P 500

SPX

eased 0.8% over the same time. The losing streak for Tesla’s stock, which is headed for the longest since the four-day stretch that ended Dec. 4, comes as the electric vehicle giant reported fourth-quarter deliveries that beat expectations, but was surpassed as the EV-selling leader by BYD Co.

BYDDY

1211

,
which is based in China. Tesla’s stock has edged up 0.8% over the past three months through Tuesday, while the S&P 500 has run up 12.1%.