Tesla shares fall 15%, largest drop since 2020
ndtv.com —
Tesla shares dropped 15.4% on Monday, marking the largest single-day decline since September 2020. This decline is part of a broader market sell-off driven by recession fears and uncertainty over President Trump's tariff plans. Year-to-date, Tesla's stock has fallen 41.4%, with a market cap now at $696 billion, down from a peak of $1.5 trillion in December. UBS has lowered its price target for Tesla shares due to weaker delivery forecasts. The company is also facing protests and vandalism at its dealerships, with significant sales declines reported in Germany. Concerns about Elon Musk's focus on his businesses have arisen amid challenges across his ventures, including Tesla and SpaceX.