Tesla's Stock Plunge

SOURCE www.nbcnews.com
Tesla's shares plunged 15% on Wall Street, marking their worst day since September 2020. The stock has fallen for seven consecutive weeks, losing over 50% of its value since December. Uncertainty around President Trump's tariffs and brand erosion due to Elon Musk's political involvement are contributing to the decline.

Key Points

  • Tesla's shares plunged 15% on Wall Street, the worst day since September 2020.
  • The stock has fallen for seven consecutive weeks, losing over 50% of its value since December.
  • Uncertainty around President Trump's tariffs and brand erosion due to Elon Musk's political involvement are contributing to the decline.
  • Tesla's Model Y remained the best-selling battery electric vehicle globally in January.