Finance: Tesla shares are slipping (TSLA)

The dip is relative, given than Tesla is up almost 80% year-to-date.

Shares of Tesla were down over 2% in morning trading on Tuesday, to $375 after a Monday close at $383.

The dip is relative, given that Tesla is up almost 80% year-to-date, an epic surge.

There's no obvious explanation for the slide, but Tesla did bolster its credit lines last week, adding $800 million. The carmaker has a fairly good cash position, with about $4 billion on hand, but it expects to spend at least $2 billion of that to launch the Model 3 mass-market vehicle in July.

Tesla also indicated that it intends to launch a proprietary music-streaming subscription business, which could add additional revenue if the company eventually puts hundreds of thousands of vehicles on the road.

The dip is relative, given than Tesla is up almost 80% year-to-date. Read Full Story