Tesla Stock Dips Into Correction—Though Post-Election Rally Still At Nearly 25%

Topline The post-election rally for Tesla stock lost more steam Thursday, as shares of the company led by centibillionaire Elon Musk tracked toward their second 5% or worse loss in three days, with a reported move from the Musk-backed administration of President-elect Donald Trump weighing on the electric vehicle giant's share price. Tesla CEO Elon Musk, the world's richest man. AFP via Getty Images Key Facts Tesla stock fell 5.2% to $313 by late afternoon, with a 2.2% loss in morning trading accelerated by ...