Shares of Tesla Inc. shed 1.58% to $332.89 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.60% to 19,060.48 and Dow Jones Industrial Average falling 0.

Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck,

Stock futures, and Tesla shares, were higher on Monday following President-elect Donald Trump’s Treasury Secretary pick Scott Bessent.

Shares of Tesla Inc. slumped 0.11% to $338.23 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.63% to 19,174.30 and the Dow Jones Industrial Average rising 0.