Shares of Tesla Inc. dropped 0.09% to $220.70 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.63% to 18,489.55 and the Dow Jones Industrial Average rising 0.

In order to move metal, Tesla has greatly reduced the average selling price of its vehicles. You can see this directly on its website but also downstream in used car prices. Used Tesla vehicles cost an average of $32,000 today vs. over $50,000 at the start of 2023.

Tesla shares' 8.8% decline Friday took away $67 billion in market capitalization from the elecric-car maker, the biggest one-day vanishing of value for the stock since July 24, according to Dow Jones Market Data.

Tesla stock fell Thursday, snapping a three-day relatively quiet winning streak following the initial negative reaction to the company’s Robotaxi Day.Shares of the electric-vehicle maker traded as high as $222.

Robotaxi reveal party was a carnivalesque affair but ultimately light on details. Wall Street’s response has been largely