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Tesla’s extends 2-day plunge to 17% as epic rally takes a breather

Tesla’s extends 2-day plunge to 20% as epic rally takes a breather

Tesla tumbled as much as 12.2% on Tuesday, extending losses following a similarly sized plunge the session prior. The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world’s richest person. Tesla’s latest slump follows confusion over Model Y availability and risk from plummeting bitcoin prices.