Tesla stock has dropped 7.4% since Tuesday, after falling 7.5% on Tuesday, the biggest drop since January 2017.
The stock was trading at $1,878.10 on Tuesday before falling 7% in the past 24 hours.
Tesla, which has been struggling to sell cars and has recently said it would be exiting the electric vehicle industry, has seen its stock price fall by 10% in 2017, according to the S&P 500 Index.
In recent weeks, Tesla has lost nearly $2 billion in value, with the company reporting a $5 billion loss in the second quarter of 2017.
Tesla has been working to find new financing and build more vehicles.
In the second half of 2017, the company reported sales of 5,000 Model 3s, a decrease of about 200 vehicles from the same time last year.
It also announced a $1.9 billion plan to increase production in the U.S. and China and announced plans to build more battery packs and battery packs in the United States.
Musk said the Model 3 will go on sale in 2019.
Tesla’s stock price has fallen by more than $8,000 over the past three months.
Tesla stock rose 8.7% after falling 4.8% on Monday.
Shares have been trading at a high in recent weeks.
The company reported $6.6 billion in revenue in the fourth quarter of 2016, and a record $31.4 billion for the full year.
In January, Tesla reported $37.6 million in sales.
Musk has been very vocal about his belief that Tesla will not be able to continue to grow its sales because of the lack of revenue growth, and he said in a CNBC interview that Tesla’s share price will be $100 a share.
Musk also recently said that he does not believe Tesla will ever be profitable because the company is “over-valued.”
Elon Musk has a new car on the road.
The Tesla Model 3 electric sedan is due out later this year, and the company said on Tuesday that it expects to have 500,000 of the cars in the wild by the end of the year.
Tesla shares have been gaining in the wake of the news.
The average price for a Tesla stock is up 17% since the beginning of the week.