Tesla shares dropped in regular trading ahead of the company’s highly anticipated annual shareholder meeting that starts at about 4 p.m. Eastern time.
Shares of the electric vehicle maker were down 1.9% at $453.30, while the S&P 500 and Dow Jones Industrial Average were down about 0.4% each.
Coming into Thursday trading, Tesla stock was up about 14% year to date and up 60% over the past 12 months.