Tesla Share Price: Tesla shares fell sharply even before coming to India, slipped by 50% from record high
On Monday, Tesla’s shares saw a tremendous decline. The share price fell by about 15%. This was the worst trading day for Elon Musk’s company Tesla since September 2020. The impact of this decline was not limited to Tesla only. Rather, the entire Nasdaq index also registered a decline of about 4%. This was the biggest decline (tesla stock) since 2022.
Tesla Share Price is falling continuously for 7 weeks
Tesla’s shares (Tesla Share Price) declined for the seventh consecutive week. This is a historic negative trend for the company. This is the longest downtrend since its listing on the Nasdaq in 2010.
Shares reached half of the record high
Let us tell you that on December 17, Tesla’s stock was at its highest (tesla stock) level of $ 479.86. But from there it has fallen by more than 50%. Due to this decline, Tesla’s market value has decreased by more than $ 800 billion. Monday was the seventh worst trading day in Tesla’s history.
Decreasing grip in big markets
Tesla is facing difficulties in the world’s largest electric vehicle market. Sales in Germany saw a decline of 70%. Which shows the impact on the brand image due to Musk’s active participation in politics. Customers have now started raising questions about Tesla’s credibility and Musk’s decisions.
What are the reasons for Tesla’s stock falling?
Tesla is falling heavily due to these reasons:-
- America’s tariff policy – Tesla is facing trade tensions in markets like Canada and Mexico.
- Fear of increasing production cost – The manufacturing cost of the auto sector may be affected due to the increase in tariff.
- Elon Musk’s controversies – Musk’s other businesses and controversies are also affecting Tesla’s image.
A matter of concern for investors
This situation can be a cause of concern for investors. Tesla’s long-term prospects may still be strong. But at the moment its stock market is under pressure. Now it remains to be seen how the company overcomes these challenges and wins back the trust of investors.
