Tesla Stock Plummets. Musk-Trump Spat and 3 Other Things Slamming Shares.
Tesla stock dropped double-digits Thursday, putting it down four of the past five trading days. Shares slid 14% to $284.70, and Tesla lost more than $150 billion in market value, one of its largest declines on record, according to Dow Jones Market Data. Tesla stock had a lousy Wednesday, too, down 3.6%, and the two-day drop, more than 17%, was the worst two-day stretch since September 2020, leaving investors looking for reasons for the steep declines.