Right now on fast Tesla's high-speed crash from a cratering stock to the

denting of Elon's once-pristine image. Is this rock bottom for the once

red hot EV maker or is there more pain to come? Plus travel nightmare. Southwest

cancelling thousands more flights today. This after a holiday weekend where so

many travelers were left stranded will go inside the financial reputational

impact and later zero COVID no more in China. Beijing now ending the quarantine

for travelers when they arrive starting next month. Will this bring a

spending boom to the US and Europe or just new waves of COVID maybe both. I'm

Melissa Lee. This is fast money we're live at the Nasak Market site on the

desk tonight. My co Courtney Garcia Victoria Fernandez and Steve Grasso. And we

start off tonight with Tesla slumping more than 11% the worst performer in the

S&P 500. Now down seven days in a row. Today we learned the company's extending

its pause on production in Shanghai saying close and extra 11 days until the

start of February. Then there's a report that used car prices for Tesla are

tanking and that's taking down new car prices too. In all during this slide

Tesla's lost 117 billion dollars in market cap. That's about the size of an

entire Goldman Sachs a Boeing or even a Starbucks. For the year the once mighty

Musk Empire has seen more than 700 billion dollars in market value go up in

smoke. That's roughly a home depot McDonald's and Nike combined and a small

sign of just maybe how bad things are for Tesla and Musk. This was the front

page of Drudge this afternoon. The bonfire of the Teslas picture of Musk with

flames engulfing him in the background. My co the volume we should add on

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