It will continue to decline by 2025, according to estimates in Tesla Inc. shares.
The stock of Alan Musk -owned world veteran electric car maker Tesla recorded a huge decline on Monday (according to US time). The company’s shares on Wall Street fell more than 15 percent, which is the biggest decline in one day since 2020. Tesla Inc.’s share price on NASDAQ fell 15.43% to $ 222.15. This was the worst business day for the company in the last four years. According to the news, on Friday, Tesla finished its seventh consecutive week of deficit, which was the longest loss since its debut in Nasdaq in 2010.
Shares have dropped more than 50%
Let us tell you, Tesla shares have fallen over 50% since reaching the highest level of $ 479.86 on December 17. Due to this, there has been a huge decline in the company’s market cap. Tesla’s market cap (market capitalization) has decreased by more than $ 800 billion. Monday was the seventh worst trading day in the history of the stock. In the trading session on Monday, Tesla’s stock went up to $ 253.37 high in Nasdaq and then went to a low of $ 220.19.
Why Tesla’s shares are falling
According to CNBC news, Tesla’s decline on Monday was the reason for President Donald Trump’s tariff schemes. Canada and Mexico are the major markets for automotive suppliers, and will affect increased tariff production with the possibility of trade war and increase prices. Tesla Musk’s inflammatory political rhetoric and his comprehensive work with the Trump administration is also dealing with low -decaying images of the brand, where they are leading the so -called government proficiency department.
Also, Musk has used X to make allegations against judges whose decisions he did not like and promoted Kremlin’s false words about Ukraine’s President Volodimir Zelancesi. Partly due to the growing dislike towards the brand, Tesla’s new vehicle sales decreased by about 50% in January in Europe a year ago. Activists and former Musk fans have staged a protest on Tesla facilities across the US.
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