this post was submitted on 10 Mar 2025
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Economics

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Tesla shares plunge 15%, suffering steepest drop in five years (www.cnbc.com)
submitted 1 month ago by [email protected] to c/[email protected]
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Summary

Tesla shares plunged 15% on Monday, marking their worst single-day drop since 2020 and extending a seven-week losing streak.

The stock has fallen over 50% since December, wiping out $800 billion in market value.

The decline follows uncertainty over Trump’s tariff policies, brand erosion linked to Elon Musk’s political activism, and reports of vandalism targeting Tesla vehicles.

Tesla's European sales dropped 50% in January, while global EV sales rose 21%. Analysts warn that negative sentiment and delayed Model Y purchases may further impact demand.

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[–] [email protected] 5 points 1 month ago (1 children)

This is just the start, it will get a lot worse for them when their new earnings report gets released next month

[–] [email protected] 5 points 1 month ago

I'm excited for this. Will they just pull an Enron and fudge the numbers? Or will they present the real numbers and just take it. Will there be an earnings call with investors?