Tesla shares drop 14%, worst performance in five years

Tesla shares fell 14% on Monday, marking the company's worst day since September 2020. This decline follows a seven-week losing streak, the longest since Tesla's Nasdaq debut in 2010, with shares down over 50% since December. The drop is linked to uncertainty over President Trump's tariff plans, which could affect production and prices. Additionally, Tesla faces brand challenges due to CEO Elon Musk's political involvement and recent vandalism incidents at its facilities. Sales of Tesla vehicles in Europe dropped by about 50% in January compared to last year. Despite this, the Model Y remains the best-selling electric vehicle globally, while overall electric vehicle sales increased by 21%.