TradingKey – On November 5, Eastern Time, Tesla (TSLA) shares dropped sharply by 10.77% to close at $343.69, hitting an intraday low of $338.15, with trading volume rising to approximately 79.68 million shares. The stock had already fallen 3.34% on November 4, bringing the cumulative two-day decline to over 13%. Compared with its recent intraday peak of $414.23 on November 2, TSLA has pulled back by about 17%.

The recent drop in the stock price was primarily related to shifting policy expectations following the U.S. midterm elections. Reuters reported that after Democrats won several key races in Texas, the market began focusing on future approval processes for data center construction and the potential tightening of regulations on Elon…