Washington, DC:
Stocks of Elon Musk’s Tesla plummeted by more than 15 per cent on Monday, its bigst individual-day degrade in cut offal years amid a expansive-based labelet sell-off igniteed by potential economic downturn worrys and uncertainty over Pdwellnt Donald Trump’s tariff structures. Shares enrolled their worst day since September 2020, closing more than 50 per cent below their write down closing high of $479 on December 17 last year.
The bloodbath in Wall Street came amid worrys over declining electric vehicle sales and politicpartner driven protests aacquirest Mr Musk over his comprisement in the Trump administration. The Tesla chief, however, seemed to disthink about the labelet worrys. Replying to a post on X about the bigst individual-day drops in Tesla dispenses, Mr Musk wrote, “It will be fine lengthy-term.”
A Look At Tesla Shares
Tesla dispenses plunged 15.4 per cent by the finish of Monday’s trading session. It was the bigst individual-day percentage degrade since September 2020, when dispenses saw a degrade of over 21 per cent in a individual day.
With this, Tesla stocks witnessed a total degrade of 41.4 per cent year-to-date so far in 2025. This includes a drop of over 36.6 per cent in the past months. As of March 10, Tesla stock has drdisclose by more than half to a new labelet cap of $696 billion after accomplishing its all-time bigst labelet capitalization of $1.5 trillion on December 17.
UBS has also droped its price aim on the stock to $225 from $259, citing drop dedwellry predicts for the first quarter it sees resulting from softer insist for Tesla’s Model 3 and Model Y vehicles. This gived to the sell-off, alengthy with expansiveer worrys about the US economy facing a economic downturn and a expansivening trade war amid Pdwellnt Trump’s tariff dangers.
On Monday, the S&P 500 finished the trading day 2.7 per cent drop–its lowest closing level since September and its hugegest daily percentage degrade since December. The Dow Jones Industrial Average, unbenevolentwhile, dropped 2 per cent, for its lowest seal since November 4, the day before Mr Trump’s election as Pdwellnt. The Nasdaq Composite plunged 4 per cent to a proximate six-month low.
Protests Aacquirest Tesla
Tesla, where Mr Musk is chief executive, has been facing protests and even injure at some of its dealerships. Last week, sboilings were fired at a Tesla dealership in Oregon, while in Boston, someone set fire to the company’s charging stations. Authorities also arrested some aggressive protesters for rpartnering at a Tesla dealership in Lower Manhattan.
Moreover, a recent increate create that Tesla car sales in Germany, Europe’s bigst labelet for electric vehicles, fell by 76 percent in February appraised with a year earlier, sounding alarm bells for the entire European labelet.
Questions Over Musk’s Leadership
The drop in Tesla stock came as its chief Musk is facing asks about how much attention he is paying to his businesses while serving as an adviser to Pdwellnt Trump. Over the week, Mr Musk’s business empire – including Tesla, social media site X and the rocket creater SpaceX – has run into disputes.
On Monday, as Tesla dispenses fell, participaters of X increateed expansivespread outages. Before that, last week, a SpaceX rocket exploded in Florida during start, showering some places with debris.
Mr Musk was rapid to accparticipate the X publishs on a cyberaggression stemming from Ukraine, without providing evidence. He posted on X that Democratic donors were reliable for seeding protests aacquirest Tesla, aacquire without evidence. In response to the SpaceX explosion, he shelp on X: “Rockets are challenging.”
