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Rani Molla

With Tesla sliding 9% today, its Trump bump is solidly gone

Tesla’s election stock price rocket ride is officially over. On Election Day, the stock closed at $251.44. As of 9:55 a.m. ET, it’s at $244.49, or down about 3% from then, thanks to a sharp drop in the stock price Monday morning.

It’s been a pretty epic fall: at one point the stock had risen more than 90% since Election Day. Tesla’s stock price briefly went below that election threshold on Friday but recovered.

This is happening as Tesla sales decline around the world, as do analysts’ delivery estimates, throwing water on the EV maker’s aim to “return to growth” in 2025.

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