Tesla rebounds 4.23% a day after post-election plunge, closing at $358.22
Tesla closed Nov. 6 up 4.23% at $358.22, recouping part of Thursday's 10.77% slide (close $343.69) — though the stock was still down roughly 20% year to date before the bounce.
Tesla closed at $358.22 on Nov. 6, up $14.53 (+4.23%) from the prior close of $343.69, rebounding after the 10.77% post-midterm drop the day before.
24/7 Wall St. reported EV stocks broadly recovered from the election sell-off, with NIO up 6% and Lucid up 5%. It also cited Musk's overnight X post that Giga Texas will end Cybertruck production in mid-2027 to make room for Cybercab as one of several factors.
Per 24/7 Wall St., Tesla had been down about 20% year to date before the bounce. The outlet tied the post-election plunge to regulatory worries after Democrats took Congress, and noted growth stocks were recovering even as the 10-year Treasury yield rose to 4.87% after the October jobs report.
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