As trading commenced on Tuesday, the stock of the electric vehicle giant, Tesla, surged ahead to claim the coveted top spot among the Nasdaq 100 index, with a commendable 1.0% surge. A glimmer of hope amidst the ocean of red, but still a far cry from its former dominance, as Tesla has witnessed a staggering 22.4% erosion in value year to date.
Meanwhile, Baker Hughes endured a day of reckoning, plunging down by 4.5% and claiming the unwanted title of the worst performing Nasdaq 100 component on the day. This dive adds to its overall poor performance, with Baker Hughes languishing 16.2% lower year to date.
In the same breath, watchers of the Nasdaq 100 also witnessed the likes of Sirius XM Holdings wrestling with a 3.5% decline while, in a contrasting turn, lululemon athletica managed to eke out a 0.7% gain to brighten its day.
VIDEO: Nasdaq 100 Movers: BKR, TSLA