Tesla’s Stock Plummets: A Shift in Fortune for Elon Musk’s Company
Tesla, the electric vehicle giant led by Elon Musk, has recently experienced a significant downturn in its stock value. After years of defying market gravity, Tesla's shares plunged by 14% on March 10, marking the worst single-day drop in five years. This sharp decline comes amidst a series of challenges, including a reported loss of the so-called 'Trump bump' and increasing concerns among investors about the company's future.
The downturn follows a period of scrutiny and criticism. A CNN report highlighted that Tesla owners have become targets, possibly due to the high-profile nature of the brand and its CEO. This negative sentiment seems to have spilled over into the stock market, with investors reacting to the latest developments. MarketWatch pointed out that the loss of the 'Trump bump'—a term used to describe the positive effect of former President Donald Trump's policies on certain stocks—has further contributed to Tesla's woes.
As Tesla navigates these turbulent times, the company's ability to regain investor confidence will be crucial. The once-soaring stock, which seemed untouchable, now faces a critical test of resilience in the face of adversity.
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How much have Tesla sales dropped?
Tesla was the world's biggest producer of battery electric cars in 2024, but sales dropped to 1.79m, the first time the company has endured a sales decline since 2011 after years of rapid growth that made it the world's most valuable carmaker.
Are Tesla sales declining?
Elon Musk's electric vehicle brand is facing a sales decline. In January 2025, electric vehicle producer Tesla (TSLA) reported its first annual drop in deliveries, moving just 1.79 million vehicles in 2024 compared to 1.81 million deliveries in 2023. Tesla sales are down in some of its key markets.
How much is a Tesla Model Y?
Price. New Tesla Model Y (Juniper): from $46,000 (Rear-Wheel Drive) to $59,990 (All- Wheel Drive Launch edition). Launch edition includes extras such as Full Self Driving ($8,000 value).
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