Tesla's market value has significantly dropped, losing over $126 billion, following Elon Musk's political shifts and controversial decisions. This decline surpasses even the losses experienced by other tech giants. The company's sales also decreased by 13% in Q1 2025 compared to the same period in 2024.
Analysts attribute Tesla's struggles to several factors:
Tesla's European market also significantly declined, with a 42.6% drop in sales during January and February 2025. BYD's remarkable growth further highlights Tesla's challenges in the global EV market.
Wedbush Securities lowered its price target for Tesla's stock, reflecting concerns over the brand's image and decreasing demand. While they project Tesla will still outperform the Nasdaq, the company's future remains uncertain until the release of its financial results. The company's explanation of its poor performance only focuses on internal transition issues, ignoring the major impact of the external factors affecting its image and sales.