Why Tesla Stock Plunged Today
It's an interesting time to be a Tesla (NASDAQ: TSLA) shareholder. CEO Elon Musk has stepped away from his leadership role in President Trump's Department of Government Efficiency (DOGE) cost-cutting effort. The timing was presumably good, as Tesla is preparing to launch its robotaxi technology in Austin.Yet Tesla stock dove 5% this morning. As of 11:40 a.m. ET, shares of the electric vehicle (EV) leader are still lower by 3.2%.Image source: Tesla.Continue reading
It's an interesting time to be a Tesla (NASDAQ: TSLA) shareholder. CEO Elon Musk has stepped away from his leadership role in President Trump's Department of Government Efficiency (DOGE) cost-cutting effort. The timing was presumably good, as Tesla is preparing to launch its robotaxi technology in Austin.
Yet Tesla stock dove 5% this morning. As of 11:40 a.m. ET, shares of the electric vehicle (EV) leader are still lower by 3.2%.
Image source: Tesla.
