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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

Jun 4, 2025 - 18:12
 0
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.

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