Tesla (NASDAQ: TSLA) stock experienced a significant decline, falling 5% in Tuesday’s trading, while the S&P 500 and Nasdaq Composite dipped 0.1% and 0.8%, respectively. The drop was influenced by profit-taking after record highs and escalating tensions between Elon Musk and President Trump, which triggered sell-offs in Tesla and affected other tech stocks.
Explain It To Me Like I’m 5: Tesla’s stock price dropped by 5% on Tuesday, partly because people wanted to sell their shares after it had gone up, and because of some trouble between Elon Musk and President Trump that made investors nervous.
Want More Context? 🔎