Tesla stock drops 15.4% amid market turmoil

Tesla's stock fell 15.4% to $222.15, its largest drop since September 2020. This decline is part of a broader $4 trillion loss in US stock markets, driven by concerns over Donald Trump's economic policies and rising competition. Sales for Tesla have dropped significantly, with a 45% decline in Europe and nearly halved sales in China. Analysts predict a 5% decrease in US deliveries for the first quarter compared to 2024. Elon Musk's political affiliations and recent controversies, including a cyberattack on his social media platform and a SpaceX rocket failure, have raised concerns about Tesla's brand image. Musk described the stock dip as a "temporary overreaction."