Tesla Sinks 8.9% in One Session, Erasing More Than $100 Billion
Tesla opened at $373.45 and closed at $340.12, an 8.9% one-day dive that vaporized over $100 billion in market value on a roughly $1.3 trillion company. Sellers dominated from the open, the stock drifted lower into the close, and $373 is now the level to watch.
Tesla just took a $100 billion punch. The stock opened at $373.45, then slid all the way to a $340.12 close — a drop of 8.9% in a single session, according to 247wallst.com.
For a company carrying a market cap of roughly $1.3 trillion, that kind of one-day decline peels off well over $100 billion in value. Even by Tesla standards, where wild daily swings are practically a house style, a move this size stands out.
The trading pattern made it worse. Sellers hit hardest right out of the gate, the stock paused to catch its breath, then bled lower again into the closing bell. The day's low landed near the final print, meaning there was no late rescue rally.
That leaves $373 in the spotlight. It's the opening level where buyers last showed up in force, and traders will be watching whether Tesla can climb back to reclaim it — the cleanest signal that the day's selling has finally been absorbed.
Until then, the chart is doing the talking, and it's saying the dip buyers haven't shown up yet.
TopicsTesla
Source: 247wallst.com
Written by Paparazzi with AI. Not financial advice.
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