Tesla's stock slide drops its market cap under $1 trillion
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Tesla ( TSLA ) stock surged after President Donald Trump won last November’s election, based on his relationship with CEO Elon Musk . But that relationship is likely a driving factor behind the erasure of much of those gains. The stock closed at $302.80 per share on Tuesday, marking a 37% dive from a peak of $479.86 in mid-December. That’s also the lowest Tesla has closed since Nov. 7, just two days after the election, and it has pushed the company’s market capitalization to less than $1
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