As a rout in Tesla’s stock goes from bad to worse, some investors are bracing for more downside ahead. Shares of the Elon Musk-led electric-vehicle company are down about 40% from their late 2024 high,
Tesla Inc. followed up its worst sales month in years in France with another weak showing in February, prolonging its early-year slump in one of Europe’s biggest markets for electric vehicles.
US tariffs on North American and EU imports could cut automaker profit by $3,500-$10,000 per vehicle, according to our Bloomberg Intelligence analysis.
Tesla has not been doing so well under Trump’s administration. Now, the stocks are 41% down. Korean investors are mostly hurt because they have put a lot of money into the US car company. Since the announcement of Musk’s involvement in the Trump administration,
Tesla shares fell 8.4% Tuesday in New York, sending the company’s market value back below $1 trillion. The stock has tumbled 25% this year.