Tesla selloff puts at risk its $1 trillion club membership
Tesla Inc's stock has dropped for four consecutive days, putting the electric-car manufacturer's place in the $1 trillion club in jeopardy after CEO Elon Musk asked Twitter users if he should sell 10% of his stake. The shares dropped as low as 3.5% to $987.31 in choppy early trading, briefly bringing its market value below the $1 trillion mark. Since Monday, the company has lost almost $200 billion, more than the combined market capitalization of General Motors and Ford Motor.0
