Tesla shares plunge below Lutnick’s ‘never this cheap’ level

Quick Summary:

Tesla's stock extended losses Monday, dropping below a price at which Commerce Secretary Howard Lutnick predicted they’d never fall to again.

The shares plunged as much as 9.2% to $217.41 as of 9:41 a.m.in New York, amid a broader selloff in global equity markets.

Instead, Musk’s involvement in political controversies both in the U.S.and abroad has repelled some car buyers and spurred protests against the company.

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Article Details

Author / Journalist: Esha Dey, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Tesla Elon Musk Donald Trump Tariffs and trade Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 16:33:02 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 98 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27667949

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About Fortune

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Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 8 hours ago

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