The Tesla stock price just lost 14.8% and US$230 billion
Image source: Getty Images
The Tesla Inc (NASDAQ: TSLA) stock price has had its fair share of dramatic swings in its 15-year history. But the one that occurred last night is certainly one of the most dramatic, both for its size and the reasons behind it.
On Wednesday morning (our time), Tesla shares closed at US$332.05 each. But this morning, when the US markets wrapped up trading, those same shares closed at just US$284.70 each. That’s down a horrid 14.26% in just one trading day. Funnily enough, this dramatic drop merely brings Tesla to where it was around a month ago.
We still aren’t even close to the ~US$220 levels we saw back in early April. And a long way from the electric vehicle and battery manufacturer’s 52-week low of…
