Tesla shares have had a tough time of late, battered by the broader tech softness and also indications that tougher competition and some consumers' distaste for Elon Musk's political stance are badly impacting sales.
Mr. Musk, one of President Trump’s main advisers, has not outlined a plan to reverse falling sales at the electric car company of which he is chief executive.
Elon Musk lost $52 billion in net worth since the year began, but he’s still the richest person in the world by a long shot.
The S&P 500 added to its record as U.S. stock indexes drifted through a quiet, mixed day on Wall Street. The S&P 500 rose 0.2% on Wednesday after setting an