Tesla shares fall 8%, largest drop since November

Tesla’s shares fell over 8%, closing at US$440.13.

This drop marks the company’s largest decline since November, dropping from a high of $479.86 the previous day.

However, shares have increased by 75% since Election Day on November 5, 2024.

This decline also aligns with recent developments involving CEO Elon Musk.

Musk is expected to lead a new advisory office within the Trump administration, the “Department of Government Efficiency.”

Recent Tesla developments

Timeline
12-Dec-2024 📈 Tesla stock breaks record at $415 Tesla stock hits new high of $415, up 66% this year November sees 38% rise, highest monthly gain since Jan 2023
11-Dec-2024 ⚡ Tesla sells 21,900 EVs in China, hits record Q4 weekly sales Tesla sold 21,900 vehicles in China last week Model Y gets a discount to boost sales amid competition
03-Dec-2024 ⚖️ Tesla fails to overturn ruling on Musk’s $56b pay deal Judge denies Tesla’s appeal on Musk’s pay deal Tesla plans to appeal to Delaware Supreme Court
30-Nov-2024 🚗 Tesla slashes Model Y vehicle prices in China Tesla cuts Model Y price by 10,000 yuan. 0% interest financing available for five years.
19-Nov-2024 🚗 Tesla shares jump nearly 8% on Trump’s self-driving policy

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