Why Tesla's stock has given up nearly all of its Trump election gains
(Yahoo Finance) Tesla (TSLA) CEO and Department of Government Efficiency (DOGE) head Elon Musk is asking government employees to submit what they have accomplished in the past week. Tesla investors would like to ask Musk the same question.
Tesla stock is down 30.2% year to date this year — and has nearly given up all its gains since President Trump’s election win on Nov. 5 (the stock closed at $251.44 on Election Day). The stock hit a closing high of $479.86 on Dec. 17 and has slid ever since, tumbling below the $1 trillion market cap level as well.
Tesla shares closed down another 3% on Thursday.
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