Tesla drops out of the 10 largest US public companies

Tesla

the stock fell on Tuesday to end at a more than two-year low, and its market value fell along with it. Concerns about demand for new

Tesla

vehicles seem to be the biggest cause.

Tesla shares (ticker: TSLA ) closed at $109.10 on Tuesday, down $14.05 or 11.41%. That’s the industry’s lowest since Aug. 13, 2020, when shares closed at $1[ads1]08.07, according to Dow Jones Market Data.