Tesla shares decline as sales and investor confidence fall

news.yahoo.com

Tesla shares fell 14% on Monday, dropping to $226.11, the lowest since October. This decline follows a significant drop in global sales and growing investor concerns about Elon Musk's political affiliations and their impact on the brand. Sales in California, Tesla's largest U.S. market, have decreased, and the company reported its first annual global sales decline last year. In China, sales nearly halved compared to last February, while Europe saw a 45% drop in January. Protests have increased at Tesla showrooms, with vehicles being vandalized. Musk's support for controversial political figures and parties has contributed to the negative perception among potential buyers.


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