Tesla Shares Have Declined Each Week Since Musk Went to D.C.

Tesla Shares Have Declined Each Week Since Musk Went to D.C.

Tesla Shares Have Declined Each Week Since Musk Went to D.C.

Stock offered by billionaire Elon Musk’s Tesla has taken a big price hit over the past seven weeks, CNBC reported.

Since Musk join the Trump administration, shares in his automaker have declined each week. Tesla shares were $426.50, on Jan. 16, the last day before President Donald Trump was inaugurated on Jan. 20. This week’s closing price was around $270 — a 37% drop.  

Since going public 15 years ago, this is the longest such losing streak for the automaker.

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