Tesla Shares Experience Significant Drop

In a dramatic turn of events, Tesla Inc.'s shares saw a steep decline of over 14% this Monday. This marks the company's most significant single-day stock fall since January 2023, reaching the lowest share value since the start of November 2024.

Behind the Numbers: China's Market Impact

The sharp decrease in Tesla's stock value is closely linked to a 49.2% plunge in sales within the Chinese market during February. Moreover, the China Passenger Car Association's (CPCA) remarks on CEO Elon Musk's engagement in political activities have further influenced the company's market position.

Market Reaction

By 1:13 pm ET, Tesla's stock had fallen 14.07%, trading at $225.72 per share.