Tesla’s shares plunged on Monday, reaching their lowest point since election day, while investors recorded the impact of fall in sales And growing demonstrations against the high -level political role that Elon Musk, the director general of the company, assumed.
At the end of the exchanges, the actions of the electric car manufacturer fell by more than 15% for the day, and more than 50% compared to a peak in mid-December. The defeat of the day was the most important for Tesla’s shares since 2020 and exceeded the decrease of 2.7% on Monday in the S&P 500.
The sharp increase in Tesla’s shares which followed the election of Donald J. Trump as president, and the appointment of Mr. Musk as a de facto government cost reduction Tsar, evaporated with more than $ 700 billion in market value.
Investors hoped that Mr. Musk’s financial support in the Trump campaign and its links with the White House would benefit Tesla, helping to eliminate regulatory obstacles to the company’s autonomous driving technology.
Instead, the omnipresent presence of Mr. Musk in Washington turned out to be a responsibility. Investors fear that Mr. Musk has not passed enough time Manage Tesla when sales of the company’s cars plunge.
Tesla has become the increasingly intense target demonstrations By rabid people on the main role of Mr. Musk in reducing the park’s rangers and other civil servants while eliminating foreign aid and other programs.
Last week, someone set fire to Tesla’s load stations near Boston; Shops were fired on a Tesla dealer in Oregon; And demonstrators were arrested during a non -violent demonstration at a Tesla dealership in Lower Manhattan.
The political counterpoupoupoupou is blamed at least in part to the lamentable sales figures in Europe last month, including a 76% drop in Tesla sales in Germany, the largest automotive market on the continent. Mr. Musk approved far -right parties in European countries, including in Germany. Analysts also attribute sales reductions to a lack of new models and increasing competition.
In January, Volkswagen sold more electric vehicles outside of China than Tesla, according to figures published Monday by SNE Research, a research and advice company in South Korea.
Tesla is likely to suffer less That the other car manufacturers of commercial conflicts caused by Mr. Trump, but the company could be the victim of aggravation of relations with China. Tesla’s largest factory is in Shanghai, where the company manufactures cars for the Chinese market and for export to Europe and other regions.