Tesla stock dropped on Wednesday as a potential split between Donald Trump and Tesla CEO Elon Musk emerged over the president’s tax and spending bill.Shares of the electric vehicle maker dropped 1.7% to $356.

Tesla has long been volatile, but its most recent struggles were deemed unprecedented by analyst Ryan Brinkman. Find out if it's still a worthy investment.

A group of pension funds that are investors in Tesla want the company’s board to require more from CEO Elon Musk.

Here are some of the stories Wall Street is watching on Tuesday, May 27. Shares of Tesla (TSLA) are rising after CEO Elon Musk pledged to spend more time at the EV maker and his other businesses. PDD (PDD) shares are sinking after issuing disappointing first quarter results.

According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.