Donald J. Tesla’s shares were on a tear since Trump won the presidential election. Investors were betting on the fact that the car manufacturer would have a profit of more than $ 250 million, which was spent by its Chief Executive Officer Elon Musk to support the Trump campaign.
But on Tuesday, Tesla’s stock declined by 8 percent, but the rally survived. Investors who once thought that Mr. Trump Tesla can help in clear regulatory barriers for autonomous driving technology, he has been worried that Mr. Musk is spending a lot of time in Washington, while Tesla Sales Plmat.
They also worry that immersion in the right-wing politics of Shri Musk, including the support of a distant party in the German elections on Sunday, is distinguishing the significant number of buyers. In the United States, even some Republicans have become concerned as the head of the so-called government proficiency department in Shri Musk’s slash-end-burn cost cuts.
The decline in shares, which has pulled Tesla’s market value below $ 1 trillion, threatened the position of Shri Musk as the world’s richest person because most of his money is in Tesla Stock. And the decline will remove further disturbance between investors and employees who are upset that Mr. Musk has not clarified the plan to prevent stable erosion of market share in the United States, Europe and China.
Two days after the election, the stock closed at $ 302.80 on Tuesday on Tuesday. It was nearly 37 percent from the summit of $ 479.86 on 17 December.
The loss on Tuesday was a reaction to a terrible decline in Tesla’s European sales at least, which was at least partially partially, 50 percent fell from a year ago in JanuaryAccording to the long-term new-car registration by the European Automobile Manufacturers Association. According to a report by the association on Tuesday, Tesla’s sales also fell into the region, as there was a 34 percent increase in the overall market for electric vehicles.
Tesla’s performance has recently shaken the confidence of some investors who have long been optimistic about the company’s prospects. Future fund managing partner Gary Black, who has 488,000 followers on X, said on the social network on Sunday that he was “wrongly” for Tesla “now” for four years.
Mr. Black said that the sales of Tesla’s newest vehicle, Cybertrook Pickup have been disappointing and the company has been forced to cut prices for its model 3 sedan and model Y Sport Utility Vehicle, so that sales can be promoted to promote sales .
But he said that his firm still had Tesla shares and this hoped to overcome $ $ 380 in six to 12 months.
)high net worth individuals
#Tesla #Stock #falls #concerns #Elon #Musks #political #role
