Tesla stock is only at the lowest since the start of the pandemic when everything wildly inflated due to the massive influx of money into the system. It’s still radically up since 2017. The last two years were a severe anomaly.
The good news is that this rate of descent can't be maintained for much longer.
Perhaps that's the reason why Tesla is offering big discounts right now.
Actually, a stock can fall 11% every day for an infinite number of days (discreteness of pennies notwithstanding)!
In all seriousness, though, I would be very wary about thinking that "this rate of descent can't be maintained for much longer." Many stocks have lost half their value, only to then lose 50% more shortly thereafter, and then 50% more after that.
I can think of one option: The SEC halts trading on Tesla stock. They've done it before, there's no reason to believe they would not do it here.
Otherwise, isn't there a class of stocks called "penny stocks"?
See AMC.
"The market can remain irrational longer than you can remain solvent."
~Confucius (probably)
Seriously though, there's no natural law, perhaps other than greed, which can stop a descent. Especially for something which was (is?) irrationally overvalued.
> But I expect a floor at least somewhat above that unless even Tesla's assets end up being worth nothing.
That's the thing though, the value of stocks is only tenuously related to the value of anything Tesla (any company, really) actually does, owns, or sells. It's value is solely based on what it can be sold for. And its sale price depends solely upon what someone thinks they can sell it for at a later date.
So, aside from not going away (and buying its own stock), there's not a company can really do that can have a predictably effect on the stock price.
I've seen too many stocks move solely based on the feelings of a few stock analysts, regardless of the company's achievements, to believe otherwise.