Reported about 6 hours ago
Tesla's stock experienced a significant decline, losing over 10% for the week, primarily due to a report revealing an 11.5% drop in January deliveries in China, while rival BYD saw a 47% increase. The news contributed to a 3.3% drop in shares on the last trading day of the week. Additionally, Tesla's sales in Germany reached their lowest since 2021, raising concerns about CEO Elon Musk's political endeavors affecting consumer interest. Despite this downturn, Tesla shares are still up over 40% since the November presidential election.
Source: YAHOO