Tesla shares drop 15%, worst decline in years

Tesla's stock fell 15% on Monday, its worst day in over four years, amid concerns about declining demand for electric vehicles. This drop extends a 2025 decline, with shares down 45% since January. CEO Elon Musk reassured investors about the company's long-term prospects, stating, "It will be fine long-term." However, analysts have cut delivery estimates, with UBS predicting a 16% reduction for the first quarter. Tesla faces challenges in Germany, where registrations dropped 70%, and in China, where shipments fell 49% in February. These issues contribute to worries about the company's near-term outlook.