Tesla shares, which soared to a new all-time high earlier this week, were thrown into reverse Tuesday in the biggest one-day drop the stock has seen since January 2012. The selloff is being driven by the highest trading volume in TSLA stock since May.
TSLA shares closed down more than 14 percent at $109.05. (For the latest stock price click here.)
One factor is a research note from Goldman Sachs setting a price target for Tesla of $84 (that is $42.32, or 34 percent, below Tuesday's opening price of $126.32).