Due of worries about declining sales, Tesla's stock drops more than 15%.
By : Sandhya
As Wall Street's fears about the market for Tesla Inc.'s electric cars (EVs) grew, the company's shares saw the biggest single-day price drop since September 2020. On Monday, March 10, 2025, the shares of the billionaire Elon Musk-led corporation ended the day 15.43% lower, closing at $222.15 on the Nasdaq. This was a $40.52 drop.
According to a Bloomberg article, it dropped a startling 45% in 2025 alone, wiping out all of its gains since Donald Trump—of whom Musk is an ardent supporter—won the US presidential election in November. The company's inability to compete with domestic behemoth BYD Co. in China, the largest EV market in the world, is a major factor in the decline in the value of its shares.
According to the study, Tesla shipments from its Shanghai facility fell 49% in February to just 30,688 units, the lowest monthly total since July 2022.