Electric car maker tesla is one of the three major u.s. stock indexes that have fallen sharply this week, and the share price of many tech giants that have fallen sharply, losing more than $40 billion in market capitalisation in five trading days this week. Tesla shares closed Friday at $667.99, down $11.01, or 1.62%, from $679 the previous day.
Friday's decline of $11.01 was the smallest trading day of Tesla's stock price decline this week. In the previous four trading days, the single day's decline was above $20, and the largest trading day was close to $100.
Tesla shares closed at $901 on Friday, falling to $833.79 on Monday, continuing to fall Tuesday to $799.91, Wednesday to $778.8 and Thursday to $679, down $99.8.
Tesla closed Friday at $667.99, down $233.01 from Friday's close, down 25.85% in five sessions.
The stock price fell sharply, and Tesla's market value also shrank significantly. According to the closing price on Friday, Tesla's market value was $123.17 billion, down $40.219 billion from the closing price of $163.389 billion on Friday.