Tesla immersed in 36% in the first quarter, the worst performance since 2022

Tesla Since 2022, the shares have just completed their worst quarter and hit the third place in a 15-year-old campaign in the public market.

Electric vehicles manufacturers plunged 36% in the first three months of the year.

The last time Tesla had the worst, was at the end of 2022, when the shares were 54%. In that quarter entered the CEO Elon Musk sale With more than $ 22 billion to Tesla’s stock financing on Twitter $ 44 billion, later renamed X. Musc Xai purchased x In an agreement that estimates the company in social media in $ 33 billion.

The drop in the first quarter of Tesla destroyed the market capitalization over $ 460 billion. Most of the quarter intersect with time to Trump’s second administration, which led to efforts to reduce public expenditures and rules, as well as the cessation of tens of thousands of federal employees.

Musk leads what is known as the Department of Government Effectiveness or Dodge. As of Monday, on Monday, the DOGE website states that by March 24 the program reached $ 140 billion in federal cuts, which is in the first quarter with less than a third of the Tesla estimate.

“My TESLA shares and the shares of all those holding Tesla went about half,” Musk said on Sunday night at a rally held in Green Bay, Wisconsin, to promote the right judge he supports the Supreme Court on Tuesday. “This is a very expensive job is what I say.”

On the Dog’s site is placed Many errors Earlier forcing the group to reconsider their own claims about its savings. And it was shown that many Musk’s accusations of waste, fraud and abuse were also shown deceptive or false.

Musk recently said on Fox News Interviews with Brest Bayer that he and Dodge plan to reduce $ 1 trillion from the total federal costs by May.

Musk’s role in the White House – one of the factors weighing Tesla’s stocks because it contributes to the waves protestsBoycott and tough attacks on shops and vehicles Tesla worldwide. President Trump’s car tariffs are also concerned as they include Tesla key suppliers, in particular Mexico and China. The tariff was afraid that it caused wider sale in technological promotions, and NASDAQ closed the quarter by 10%, this is the biggest drop since 2022.

Tesla faces other winds, such as a sharp decline in new cars sales, and pressure to fulfill Musk’s promises for roboticis, while opponents expand their superiority on the market.

Musk said in June Tesla would open a business without drivers in Austin, Texas, but some analysts express skepticism regarding the company’s ability to fulfill this term.

For about a decade, Musk has promised that existing Tesla cars can be transformed into cars ready for robotica with another software modernization. On the company Fourth quarterly call for profitsMusk said that the future version of the Tesla self -government software will also need to modernize the equipment.

While the drop in the first quarter was painful for shareholders, they felt similar volatility in the recent past. In The first quarter of 2024The shares were immersed in 29% due to the decline in car sales and increasing competition. But the stock rallied the rest of the year to complete 63%.

“In the long run, I think Tesla will be great,” Musk said on the Green -Bey rally. “So you know, perhaps this is an opportunity to buy.”

See: As the reduction of federal workers influences the government