Of all the Trump trades to hit the skids, Tesla stands out. The share price of Elon Musk’s electric vehicle company has plummeted from a post-election high of nearly $480 to less than $282 last week.
The fall has been so precipitous that last Thursday, the American Federation of Teachers, a US union representing members with $US4 trillion in retirement investments, called on six large money managers – BlackRock, Vanguard, State Street, T Rowe Price, Fidelity and TIAA – to reconsider their position in the company.
Rana ForooharContributorRana Foroohar is a global business columnist and an associate editor at the Financial Times, based in New York. She is also CNN’s global economic analyst.
