Tesla shares can’t stop sliding. The stock sank 6.3% to $328.50 Tuesday and was the day’s worst performer on the Nasdaq 100.

Elon Musk and a group of investors offered $97.4 billion to acquire OpenAI's nonprofit arm that controls the company but the offer was quickly rejected.

Elon Musk is leading a group of investors to buy OpenAI, the company behind the wildly popular ChatGPT, from his former business partner Sam Altman who wants to turn it into a nonprofit. Musk offered ...