Tesla Rout Extends to Fourth Day, Longest Streak Since March

Tesla Inc. fell as much as 4.2% in early Friday trading, heading for its first four-day losing streak since pandemic fears were at their height in mid-March.

The electric-vehicle maker’s ongoing decline came as U.S. tech stocks fell for a second day, with the Nasdaq 100 Stock Index down as much as 1.6% following Thursday’s 5.2% drop, its biggest since March 16. That erased about $730 billion of value from the high-flying benchmark, which prior to Thursday had gained 78% from its March lows.