Tesla shares fall over 15% due to declining sales

Tesla's shares fell over 15% on Monday, marking the largest single-day drop since September 2020. This decline is part of a seven-week losing streak, resulting in an $800 billion loss in market value. Sales in key markets like China and Europe have dropped significantly, with a 49.2% decrease in February. Increased competition and delays in new models have contributed to this downturn. Musk's political actions have sparked protests and may be affecting customer preferences. Analysts are divided on Tesla's future, with some expressing concern over declining sales and production issues, while others remain optimistic about its long-term potential.