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Tesla On Monday, the shutdown on Wall Street intensified, and the shares of electric vehicles plunged by 15%, their worst day on the market since September 2020.
Friday Tesla wrapped Seven Week in a row of losses, its longest loss since the NASDAQ debut in 2010. Elon Musk He went to Washington to take the lead role in Trump’s second White House.
Since reaching a maximum of $ 479.86 on December 17, Tesla’s shares have lost more than 50% of the cost, destroying the $ 800 billion market capitalization. Monday celebrated the seventh day of the action.
Tesla led a a wider slump In US actions, when NASDAQ collapsed by almost 4%, its most steep decrease since 2022.
During an interview about Fox Business after hours on Monday, Musk asked how he managed to manage his business while playing the Trump’s White House. He said it makes it “With great difficulty.”
In addition to Tesla’s trouble, the social network Musk survived X Somewhat shutdown During the day on Monday, and its aerospace and defense company SpaceX investigates two explosion in a number that took place during the test flights of its massive rocket Starship.
Musk also stated during an interview that it is expected to remain in the Trump administration for another year. After the broadcast he Posted on x This “will be long -term”, citing Tesla’s stock price decline.
Reduction in Tesla shares on Monday was associated with uncertainty around President Donald Trump Plans for tariffs. Canada and Mexico are key markets for automotive suppliers and increasing tariffs with the possibility of a trade war will probably affect production and will increase prices.
Tesla also deals Erosion brand Due to the incendiary political rhetoric of Moscow and its extensive work with the Trump administration, where it is conducted by the so-called Department of Government efficiency. Musk, the richest man in the world, became a public face of the administration’s efforts to dramatically reduce the labor, costs and potential of the federal government.
Meanwhile, Musk used X to align allegations against the judges whose decisions he did not like, and promoted the False Kremlin, a conversation about the President of Ukraine Floodimir Zelensky.
Activists and former supporters of Musk protested at Tesla facilities, and Tesla vehicles and facilities were obvious vandalism and arson attempts. Many arson attempts and cases of vandalism occurred at the Tesla shop and the Colorado Service Center, most recently on March 7, CNBC police said.
Ben Kala, Baird analyst, said CNBC “Shkvak on the street“Monday recent vandalism reports can harm demand.
“If people’s cars are dangerous to be dropped or set on fire, even people who support Musk or indifferent Musk may think twice about buying Tesla,” Kala said.
According to Bank of America’s analysts on Monday, about 50% in Europe appeared in Europe in Europe earlier thanks to the reinforcement of the brand in Europe. The firm also noted that some potential customers are expecting a new version of the Y.
The Tesla Y model, which is a small SUV, remained the most sold by an electric vehicle. Then followed the Chinese Geely Geome, which surpassed Tesla Model 3 per month.
Global electric vehicles, including completely electric and hybrid models, increased by 21% compared to a year ago, even when Tesla sales decreased. According to the Bank of America, growth was due to demand in Europe.
– Jesse Pound CNBC contributed to this report.
