What Tesla’s stock slump tells us about Trump

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.

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