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Tesla Slides 10.8% to $343.69, Biggest One‑Day Drop Since July

Tesla shares fell 10.8% to $343.69, their steepest one‑day decline since July, trimming market value to roughly $1.5 trillion. The move outpaced the broader market, with SPY down 4.4% and QQQ down 6.5%.

By Tradexus News DeskNov 6, 2026 · 11:54 UTC 2 min read

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Summarize this story3 key points · 15-second readThe key points in 15 seconds

Tesla shares fell 10.8% to $343.69, the steepest one‑day decline since July.
The drop cut Tesla's market value to about $1.5 trillion.
Broader ETFs fell less, with SPY down 4.4% and QQQ down 6.5%.

Why it matters: It shows Tesla’s price pressure is far greater than the overall market, signaling possible liquidity shifts for investors.

Summary written with AI from this article.

Tesla Slides 10.8% to $343.69, Biggest One‑Day Drop Since July

Tesla (TSLA) dropped 10.8% during trading, closing at $343.69 versus the prior close of $385.30, according to Tradexus Data. The decline marks the stock’s largest single‑day loss since July, making it the biggest mover among the large‑cap equities Tradexus tracks today.

The sell‑off reduced Tesla’s market capitalization to approximately $1.5 trillion. Trading volume reached 78.4 million shares, indicating heightened activity relative to the stock’s typical daily flow.

TeslaTSLAStock · NasdaqGS · In this story

$358.22+4.26% · 1d

5d −10.51%MCap $1.36TVol 36.55M

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In contrast, broader equity ETFs also fell but with smaller magnitudes: the SPDR S&P 500 ETF (SPY) declined 4.4% and the Invesco QQQ (Nasdaq‑100) slipped 6.5% on the same session.

The disparity between Tesla’s drop and the broader market underscores the stock’s isolated price pressure, a factor market participants may monitor for potential liquidity shifts or further volatility in the coming sessions.

This alert was written automatically by the Tradexus News Desk from live market data, with the help of AI.

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