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Tesla Mania Cools With Record 21% Plunge, Snapping Six-Day Rally

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The incredible six-day, 60% rally in Tesla Inc. that left Wall Street watchers scratching their heads screeched to a halt Wednesday.

The electric-vehicle maker fell as much as 21% to $704.11, erasing most of the gains the stock saw over the past two days amid what seemed like an unstoppable advance. The shares closed down 17% at $734.70.