Reported about 5 hours ago
Tesla's (TSLA) stock has been on a steep decline throughout February, dropping an additional 2% to $321 in pre-market trading. This marks a 33% decrease since its high in December 2024. The company's sales, particularly in key markets like China and Australia, have seen significant declines, raising concerns about the brand's health amidst economic policies and tariffs introduced by the Trump administration. Analysts express caution, noting that Tesla's high valuation compared to its peers may pose challenges unless it meets ambitious goals set for the future.
Source: YAHOO