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Tesla loses $235b in market value in a day

by Australian Financial Review
Jun 05, 2025
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Jun 6, 2025 – 7.31am, first published at 6.45am Login New York | Tesla’s market value suffered its biggest one-day drop on record on Thursday (Friday AEST) as an escalating feud between Donald Trump and Elon Musk triggered a sharp sell-off in the car maker’s shares. The electric vehicle group’s shares closed down more than 14 per cent, erasing $US153 billion ($235 billion) from its market capitalisation, after the US president signalled he could terminate government contracts with Musk’s companies. Loading...