Summary
Tesla is facing a steep global sales decline, with drops of 63% in France, 59.5% in Germany, and 11.5% in China.
Analysts attribute this to growing competition, economic concerns, and backlash against Elon Musk’s support for Donald Trump.
Investors worry about potential tariffs from the Trump administration, which Tesla admits could impact its supply chain and profitability.
The company has not released a new model since late 2023, and Tesla stock has fallen from $480 in December to around $350. Some investors call this a “Trump-lash” against Musk and Tesla.
They’re up 60% over the last year and more if he has been in longer. He’s likely made a bundle if he sells now. Which is really, really stupid, but it’s true.
But like you said, there are some signs of sanity with the stock in the last week, so it may be collapsing again. But I really doubt it’ll drop way way more anytime soon. There’s almost zero connection to reality with this stock.