Tesla, Trump and Elon Musk
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Investor's Business Daily on MSNTesla Stock Bounces After Musk-Trump Blowup, But Maybe There's More To Thursday's DeclineTesla stock dropped 14.3% to 284.70 during Thursday's stock market action — falling below its 21-day exponential moving average, the 200-day moving average and 50-day line as Mu
The stock has been on a roller coaster ever since President Trump’s election. The shares fell nearly 15% this week.
Shares of Tesla (TSLA)closed 14% lower on Thursday as a war of words between Tesla CEO Elon Musk and President Donald Trump heated up. Market Domination Anchor Julie Hyman charts the stock's decline throughout the day as the tensions increased.
Tesla stock is a favorite among retail traders, and a drop set off by the Trump-Musk feud could be a catalyst for a market pullback, Marko Kolanovic said.
Tesla’s market value suffered its biggest one-day drop on record on Thursday as an escalating feud between Donald Trump and Elon Musk triggered a sharp sell-off in the carmaker’s shares.
Tesla’s technical weakness is compounded by deteriorating fundamentals, with global demand continuing to slide. In May, sales in China fell 15% year-over-year and German sales plunged 36%, contributing to an estimated 9% drop in Q2 deliveries to 404,850 units.
2don MSN
Tesla's stock price tumbles 14%, erasing more than $150 billion in the automaker's value, as Elon Musk and President Trump trade barbs.
Tesla shares fell amid rising political tensions and ongoing concerns over international sales performance. CEO Elon Musk's feud and a proposed bill eliminating EV credits further impacted the stock.
Tesla stock recovered some of the losses from the previous session on Friday after posting its worst single-day decline since March.
Wall Street is reining in expectations for Tesla Inc. deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced US federal incentives for electric vehicles.