Tesla Drops Nearly 9% in a Single Session, Erasing Over $100 Billion
As seen on the 24/7 Wall St. homepage on November 5, 2026.
An 8.92% intraday slide to $340.12 from a $373.45 open erases well over $100 billion of market value on a $1.3 trillion company. Moves this size are rare even for this name, and the $373 open is now the level to reclaim.
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Tesla slid through the session from an open of $373.45 to close at $340.12, a decline of that size being rare even for a stock known for wide daily swings.
On a company carrying a roughly $1.3 trillion market cap, an 8.9% loss wipes out well over $100 billion of market value in a single day.
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The selling was heaviest early before the stock steadied, then drifted lower again into the close, leaving the day's low near the final trade.
$373 is now the level to watch on any recovery attempt, since that opening level is where buyers last showed up in size and reclaiming it would be the clearest sign the day's selling has been absorbed.
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Mentioned: TSLA