Story perspectives
Tesla Shares Plunge 7%, $70 Billion Market Cap Lost
7/7/2025
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Story summary
- Tesla's stock fell 7% to $293.16, resulting in a $70 billion market cap loss.
- The company's valuation dropped below $1 trillion, now sitting at around $945 billion.
- Investors are worried about Elon Musk's political engagement impacting stock performance.
- Year-to-date, the stock has decreased by 23%, influenced by tensions with President Trump.
