The Globe and Mail reports in its Friday edition that Tesla shares tumbled below $150 a share, giving up all of the gains made over the past year as the electric-vehicle maker reels from falling sales and steep discounts (all figures U.S.). A Reuters dispatch to The Globe says that shares in the Elon Musk-led company slid nearly 4 per cent in intraday trading Thursday, in what now is the third-worst week for the stock in 2024, a year that has been dismal for Tesla investors. The Austin, Tex., company's shares are down 12.4 per cent this week and more than 39 per cent this year. It has also been a bad year for employees. Tesla said Monday that it was cutting 10 per cent of its staff globally, about 14,000 jobs. The next day, Tesla announced it would try to reinstate Mr. Musk's $56-billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Mr. Musk and was the product of sham negotiations with directors who were not independent of him. Tesla shares hit an all-time intraday high of $415.50 in November of 2021, adjusted for a three-for-one stock split that took effect in August, 2022. Competition has increased worldwide, while electric-vehicle sales growth slowed.