As of 12:58 p.m. ET on February 28, shares of Tesla (NASDAQ:TSLA) have risen by $2.19, or 0.78%, attempting to end a six-day decline. However, despite this minor recovery, the stock remains significantly down for the month.

Tesla has faced challenges with 14 losses out of 19 trading days in February, marking it as one of the company’s most challenging months in history. The only previous month with a steeper decline was December 2022, when the stock plunged by 37% due to rising interest rates affecting the market.

The ongoing pressure on the stock can be attributed to weak sales figures, underwhelming earnings reports, and a significant safety recall. Additionally, some analysts have expressed worries regarding CEO Elon Musk’s involvement in external ventures, which might be contributing to investor apprehension.

Overall, Tesla has seen a 13% decrease over the past three months, with a staggering drop of over 27% in just the last month, based on recent trading statistics.

This report was originally published on GuruFocus.