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Tesla stock slumps as post-election 'Trump trade' shows signs of fatigue [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The electric vehicle maker's stock started showing signs of overextension earlier this week after reaching a peak of $350. The stock had been on a tear in the days following Donald Trump's election victory over optimism that CEO Elon Musk's close ties to the president-elect. On Thursday, shares were trading around $320 each, still up close to 15% from where they opened the day after the election. Tesla is up more than 30% this year after a brutal first half. The company recently announced its sixth recall of Cybertrucks this year . On Wednesday, Tesla recalled 2,400 pickups due to a faulty part could lead to a loss of power and increase the risk of a collision. Musk is one of the business world's biggest supporters of Trump and was a key surrogate for the president-elect in the final months of the campaign, donating at least $132 million to him and other Republican campaigns. This week, Trump announced Musk and former GOP presidential candidate Vivek Ramaswamy would co-lead a
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- Why Musk supports Trump getting rid of EV tax credits [Business Insider][Business Insider]
- Tesla and Other EV Stocks Drop on Reports Trump Team Plans To Kill Tax Credit [Yahoo! Finance][Yahoo! Finance]
- Why Tesla Stock Was Sliding Today [Yahoo! Finance][Yahoo! Finance]
- Trump to Sunset EV Tax Credit: Should Tesla Investors Be Worried? [Yahoo! Finance][Yahoo! Finance]
- Tesla reportedly supports canceling the $7,500 EV tax credit. [Verge, The][Verge, The]
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