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Tesla lost more than one-third of its value in first quarter (www.newsweek.com)

submitted 11 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

Tesla's stock fell 36% in Q1 2025, closing at $259.16, down from $403.84 at the end of 2024, making it one of the S&P 500’s worst performers.

The drop follows public backlash against Elon Musk's role in Trump’s cost-cutting DOGE initiative. Protests, vandalism, and a global “Tesla Takedown” campaign targeted Musk and Tesla.

Musk’s net worth dropped $121 billion.

Ongoing market volatility, tied to Trump’s new tariff plan launching April 2, is expected to further impact Tesla and broader markets.

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[–] sunzu2@thebrainbin.org 2 points 11 months ago

Fuck tesla and fuck Tesla tubby

Parasite has been grifting on the American taxpayer far too long.

Telsa should be nationalized so the brand can be salvaged