Reported about 12 hours ago
Tesla's stock has significantly declined, dropping approximately 37% and pushing its market cap below $1 trillion. This fall can be attributed to a combination of factors including weakened sales in key markets, particularly a 45% drop in Europe, and CEO Elon Musk's increased political activities, which have reportedly led to a decline in brand value by roughly $15 billion. Despite a slight recovery in early trading, investors are concerned about future delivery expectations and competition in the electric vehicle market.
Source: YAHOO