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Tesla Market Value Slips Below $1 Trillion as Europe Sales Sink
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A quick unwind in the shares of Tesla Inc. pushed the electric-vehicle maker’s market capitalization below the coveted $1 trillion-mark on Tuesday, amid reports of a stark slowdown in car sales in Europe.
The Elon Musk-led company’s stock closed down 8.4% at $302.80, at a market cap of $974 billion. The shares have now cumulatively fallen 16% in four straight trading sessions of losses, wiping out $186 billion in market value over that time.