Elon Musk, CEO of Tesla Inc., in the oval office of the White House in Washington, DC, February 11, 2025.
Aaron Schwartz | Bloomberg | Getty Images
Teslin Postelection pop almost disappeared.
Electric vehicles manufacturers on Tuesday suppressed more than 8%, pushing the market border of the company below $ 1 billion to the lowest from November 7, which was two days after President Donald Trump Election victory.
The shares dropped 25% for the beginning of the year, while Nasdaq was reduced by only 1.5% and slid more than 35% compared to the record of December 16th. Elon musk He lost more than $ 100 billion net value compared to that part, although he is still the richest person in the world, with a wealth worth about $ 380 billion.
The last slide was followed by a report from Reuters On Monday, Tesla’s long -awaited upgrade to its partially automated driving systems left the owners disappointed. Many users told the publication that Tesla’s feature of “city street navigation” in China was missing Musk’s promises for self-employment technology.
Other EV -Au China manufacturers including Bydoffer their partially automated driving systems for free or much lower cost. The popular SU7 Xiaomi model includes equivalent to the company’s technology as a standard option for free.
The report from China added anxiety among Tesla shareholders. Some of the concerns have to do with the impact of the company, and some are specific to Musk, which spends much of its time in Washington, DC, leading the so -called department of President Trump, the efficiency of the Government or Doge.
Musk, together with his team in Washington, received incomparable access to government computer systems and taxpayers’ data, and the president enabled billionaires to conduct mass dismissal of workers in agencies in charge of the supervision of his companies, including Tesla.
Men’s extremist political rhetoric and activism have led to opponents in various markets to organize protestsincluding in Tesla stores and service centers. Tesla’s stock has fallen earlier this month At Trump’s announced plans for extensive tariffs on goods from Canada, Mexico and China, who came with a decline in Tesla’s registration across Europe in January and February.
For the fourth quarter, Tesla reported Earnings and sales that missed analyst assessments, with car revenues fell by 8% compared to a year earlier, and operating revenues dropped 23%. In the end of January, the company cited reduced average sales prices in its aging line model 3, model Y, model S and model X vehicles as the main reason for the fall.
According to the California Association of New Cars, Tesla sales in the fourth quarter 2024 fell by 11.6%in the country, which was the largest Teslina market in the country.
Tesla’s shares are now about 20% above where they were traded before Trump’s victory. Most of the ranks of rally is because of the stock 15% jump the day after the election. Musk was the main support of Trump’s presidential effort, contributing to $ 290 million to Republican candidates and causes of 2024, most of which focused on the return of Trump to the White House.
Musk and Tesla did not immediately respond to CNBC’s requests for comment.
WATCH: The Tesla section depends on the new vehicles that are introduced
