Tesla stock drops nearly 50% in three months

Tesla's stock has fallen nearly 50% in three months, losing over 15% on March 10 alone. This decline follows CEO Elon Musk's political support for Donald Trump and concerns about falling vehicle sales and profits. Despite the drop, Tesla's market value remains high at $845 billion, significantly more than other major automakers. Investors are divided on whether the stock is overpriced, as much of its value is based on future promises of autonomous vehicles rather than current sales. Tesla's core EV business is struggling, with only the Cybertruck launched since 2020. The company faces increasing competition and regulatory challenges, particularly in the U.S. and Europe, as it shifts focus to robotaxis and autonomous technology.