Tesla stock drops over 15%, lowest since late 2022

Tesla shares fell over 15% on Monday, marking the worst performance in the S&P 500. This decline continues a seven-week trend, erasing all gains made since the November election. The stock has lost more than half its value since reaching a peak of $479.86 in December. It closed at just over $222, the lowest level since late last year, reducing the company's market cap to around $840 billion. Concerns about CEO Elon Musk's role in the Trump administration, tariffs, and declining sales in China and Europe have contributed to the stock's drop. Analysts remain divided on Tesla's outlook, with ratings ranging from "buy" to "sell."