Tesla shares crash 15%, wipe out $130 billion in market value

Tesla's shares tanked over 15% on Monday, marking their worst single-day drop since September 2020. The decline wiped out around $130 billion from the EV maker's market value. Shares of the Elon Musk-led company have declined recently amid a broad market sell-off and concerns over Musk's involvement in US President Donald Trump's administration.