Tesla's massive sell-off on Wall Street intensified on Monday, with the electric vehicle maker plunging 15%, its worst performance since September 2020.
On Friday, Tesla ended its seventh straight week of losses, its longest losing streak since its Nasdaq debut in 2010.
The plunge began when Chief Executive Elon Musk traveled to Washington to take a key role in Donald Trump's White House administration.
Since peaking at $479.86 on Dec. 17, Tesla shares have lost more than 50% of their value, wiping out a market cap of more than $800 billion.
Tesla led a broader decline in U.S. equities, with the Nasdaq down nearly 4%, its worst drop since 2022.
Elon Musk told reporters in his latest interview that he was finding it increasingly difficult to manage his business after fulfilling his government duties.
He expects to take up the role alongside Donald Trump within a year.
Tesla's decline in shares on Monday was tied to uncertainty surrounding President Donald Trump's plans for tariffs.
