Tesla stock plummets 15%, losing significant market share

Tesla's stock fell 15% on Monday, marking its largest drop in five years. The stock is down over 50% since December, with owners selling vehicles at significant losses amid growing dissatisfaction with CEO Elon Musk's leadership and company performance. Tesla's production decreased by 4% in 2024, and sales have declined sharply in key markets, including a 76% drop in Germany. Competition from other electric vehicle manufacturers is increasing, while Tesla's vehicle lineup has not seen significant updates in years. Consumer interest in electric vehicles remains strong, but Tesla is losing market share. Analysts are questioning the company's future under Musk, especially as reports of vandalism and protests against the brand grow.