(CNBC) Tesla shares dropped nearly 16% during what CEO Elon Musk called a “very intense 7 days indeed” to one of his 108 million followers on Twitter. Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close one week later, Tesla shares were trading at $223.07, a decline of nearly 16%. It was the worst week for the stock since Mar. 2020, when the Covid-19 pandemic began to grip the U.S., shutting down businesses and public life.
Tesla stock had its worst week since March 2020 during a ‘very intense 7 days’ for Elon Musk
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