Summary
The article discusses the recent sharp drop in Tesla shares, which sank more than 8% on Wednesday, marking their steepest decline since before Donald Trump’s election victory last month. Despite the drop, Tesla is still up 75% since Election Day on November 5. The pullback coincided with a steep drop in the broader market, including a 3.6% plunge in the Nasdaq. The article also touches on Elon Musk’s involvement in the Trump administration and his new role leading the “Department of Government Efficiency.”
Highlights
Editorial content by Avery Redwood
