I think the main reason for this collapse is Trump likely to appoint Musk to take charge in the reduction of tax credits for EV cars. 

Joking, but only half. 

But if Trump is serious about cutting, or cancelling Tax credits for EV's ( to support traditional US gas-guzzling car manufacturers), who knows more about this than Musk?

Tesla Inc. Stock Falls Wednesday, Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Tesla Inc. slid 8.28% to $440.13 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 3.56% to 19,392.69 and Dow Jones Industrial Average falling 2.58% to 42,326.87.The stock's fall snapped a three-day winning streak.Tesla Inc. closed $43.86 below its 52-week high , which the company achieved on December 17th.Trading volume eclipsed its 50-day average volume of 93.1 M.Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Tesla Inc. Stock Falls Wednesday, Underperforms Market

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