Tesla shares rise after recent significant drop
cnbc.com —
Tesla shares rose nearly 6% in early trading on Wednesday, marking a second consecutive day of gains after a significant drop earlier in the week. The stock had fallen 15.4% on Monday, its worst day since 2020. The decline was driven by investor concerns over rising recession fears and tariff uncertainties, contributing to a broader market downturn. Since President Donald Trump took office, Tesla's market value has decreased by over 40%. The company faces challenges, including declining vehicle sales in key markets and increased competition. Analysts express concerns about Tesla's fundamentals amid ongoing tariff issues and political tensions affecting its brand.