Tesla’s stock price plummeted by 9.2% to $217.41, falling below a predicted low by US Commerce Secretary Howard Lutnick, who said it “never be this cheap again”. The decline came amid a broader global sell-off in equity markets. Just days earlier, Lutnick had advised viewers to buy Tesla stock during an interview on Fox News. CEO Elon Musk had previously cautioned employees to hold onto their shares.
Source: https://www.bloomberg.com/news/articles/2025-04-07/tesla-tsla-shares-fall-below-price-lutnick-said-it-wouldn-t-drop-to-again