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EV maker company Tesla Inc stock closed at 337.80 USD, recording a decline of 22.81 USD (6.32%) over the past five days. The EV company’s stock was on a decline this week due its weak first-quarter sales and the risks and rewards associated with the company’s CEO Elon Musk.
On February 21 at 7:59 PM GMT-5, the stock exhibited significant volatility, reaching a high of 354.98 USD and a low of 334.42 USD during the session. It opened at 353.44 USD, indicating initial strength, but sustained selling pressure drove it lower throughout the session.
The after-hours trading saw the stock declining further by 0.50 USD (0.15%), bringing its price down to 337.30 USD. With a market capitalization of 1.06LCr, Tesla remains a dominant player in the EV and clean energy industries despite recent market fluctuations.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.