Tesla is getting close to bear market territory (TSLA)

Tesla has long seemed immune to traditional measures of a company's value, but increased competition and a disappointing crash rating may be bringing the company back down to Earth.
Tesla was trading 3.21% lower in premarket trading on Thursday. Shares are down about 18% from their June 23 high of $386.99.
The electric car marker is looking at another day of selling after falling short of the highest crash test rating by the Insurance Institute for Highway Safety.
Thursday's sell