TESLA
TESLA
Out of context: Reply #203
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- utopian4
Tesla plunges 36% in first quarter, worst performance for any period since 2022
Tesla’s stock plummeted 36% in the first three months of the year, its steepest drop since 2022 and third-biggest decline for any quarter on record. The company has seen declining new vehicle sales and faces concerns surrounding President Trump’s tariffs as well as protests related to CEO Elon Musk’s role in the administration. Tesla lost over $460 billion in market cap in the quarter, while the Musk-led Department of Government Efficiency claims it’s so far saved $140 billion.