Tesla shares drop 15%, facing challenges and uncertainty

Tesla shares fell 15% on Monday, marking the steepest drop since September 2020. This decline follows a seven-week losing streak, the longest since the company went public in 2010. The stock has lost over 50% of its value 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 protests against him, leading to vandalism at Tesla locations. Sales of Tesla vehicles have also declined, with a reported 50% drop in Europe in January. Despite this, the Model Y remains the best-selling electric vehicle globally, while overall electric vehicle sales increased by 21% in the same period.