Feb 5, 2020 - Economy & Business

Tesla shares plummet after wild few days of trading

Source: FactSet; Chart: Axios Visuals
Source: FactSet; Chart: Axios Visuals

Shares of Tesla closed down more than 17% on Wednesday, shredding more than $27 billion in market cap value.

Between the lines: Wednesday ended a streak of eye-popping stock gains for Tesla. Per CNBC, it was the second-worst day for the stock ever.

But, but, but: Tesla’s stock is still up more than 60% since the beginning of the year.

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