Tesla stock plunged more than 15% on Monday amid headwinds in the EV market as well as broader concerns about a possible recession and uncertainty over Trump's tariffs.
Amid the market volatility sparked by Donald Trump's on-off tariff plans, during which the benchmark S&P 500 index fell by 3.1% last week and the Nasdaq entered 'correction' territory, no stock has been more badly hit than Tesla.
Tesla stock officially traded lower Monday than it did ahead of President Donald Trump's November victory, wiping out what was once a 91% gain for shares of the electric vehicle company run by Trump lieutenant Elon Musk, as Tesla becomes the face of the ongoing stock market slide.
Rivian Automotive (RIVN 1.27%) is no Tesla , at least not yet, anyway. Tesla, right or wrong, is the target that most investors have in mind when they look at an electric vehicle (EV) maker.
Tesla (TSLA -0.30%) stock soared 63% last year, reaching a new all-time high in December, shortly after President Trump's election win. Investors speculated that a friendlier regulatory environment could help the company fast-track its autonomous driving and humanoid robotics technologies, which some Wall Street analysts believe could become trillion-dollar platforms.
Tesla's (NASDAQ: TSLA) stock continues to face a turbulent run when the company struggles to sustain sales in key markets, a situation partly attributed to the backlash against CEO Elon Musk.
With sales down and electric vehicle rivals catching up, the rightwing politico's brand is driving into a storm
Tesla (TSLA) shares have been hit mightily amid recent market volatility with the EV giant's stock down 35% year to date.
Tesla's stock has fallen by more than 28% in the last month. Since Jan. 1, the stock is down nearly 32%.
Tesla stock (NASDAQ: TSLA) has been in a state of free fall for the last 30 days.
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