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Tesla stock slumps as post-election 'Trump trade' shows signs of fatigue [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Tesla ( TSLA ) stock declined over 2% on Thursday following a massive post-election surge from the "Trump trade" favorite. 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. Tesla, Inc. (TSLA) 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 mill
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