What’s behind Tesla’s post-election stock slump?
It’s only Monday, and already Tesla’s not having a great week. Again.
That’s been a theme pretty much all year. The electric vehicle giant’s stock price has nearly been cut in half after it reached an all-time high in mid-December. Now it’s sitting right about where it was in November, meaning it’s lost just about all its post-presidential election hype.
This isn’t an EV market problem. It’s an Elon Musk problem, said climate economist Gernot Wagner at Columbia Business School.
“What’s happening here, you can probably explain through the politics and the optics,” said Wagner.
Wagner said Tesla stock exploded after the November election because of Elon Musk’s proximity to…
