Tesla shares sink 8%, giving up some gains from post-election pop

Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump's election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is still up 75% since Election Day on Nov. 5. Last week, the stock climbed to a record, surpassing its prior high reached in 2021. Ahead of Wednesday's drop, it had continued going up, notching a closing high of$ 479.86 on Tuesday. "Most investors we speak to have been stunned by the magnitude of the rally, a ...