New Delhi, Nov. 7 -- Billionaire Elon Musk-led electric vehicle manufacturer, Tesla Inc., stock price dropped 4.8% as the US stock markets opened on Friday, 7 November 2025, after the shareholders approved Chief Executive Officer (CEO) Elon Musk's $1 trillion pay package.

According to the data collected from MarketWatch, Tesla shares dropped 4.8% to hit an intraday low of $424.48 during the early market session on Wall Street, compared to $445.91 at the previous market close. As of 10:19 a.m. (EDT), the company's shares are trading 2.78% lower at $434.33, compared to $445.91, as per the stock market data.

Mint reported earlier that Tesla's shareholders approved CEO Elon Musk's $1 trillion compensation package on Thursday, 6 November 202...