Tesla's Market Value Takes a Hit

On Monday, Tesla Inc. experienced a significant drop in its share value, reaching its lowest point since early November 2024. This downturn has raised concerns among investors and industry analysts alike.

China Sales Plunge Nearly 50%

Recent data highlights a sharp decline in Tesla's sales within China, plummeting by 49.2% in February. This dramatic decrease is a worrying sign for the electric vehicle giant, which has been striving to solidify its presence in the Chinese market.

Political Endeavors Impacting Tesla?

Cui Dongshu, the Secretary General of the China Passenger Car Association (CPCA), suggested that Elon Musk's political activities could be influencing Tesla's performance negatively. This statement adds another layer of complexity to the challenges Tesla is currently facing.

By 10:33 am ET, Tesla's stock had fallen by 9.01%, trading at $238.98 per share.