Tesla shares plunge 15%, suffering steepest drop in five years
Publishing timestamp: 2025-03-10 18:30:19
Summary
Tesla's stock suffered its steepest drop since 2020, losing more than half its value since December 17. The slide coincides with CEO Elon Musk's involvement in the Trump White House. Musk's other ventures, such as X and SpaceX, are also facing challenges. Analysts are concerned about brand erosion and vandalism affecting Tesla's demand. Despite this, Tesla's Model Y remains a top-selling electric vehicle globally.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: technology, venture capital, tesla inc, elon musk, donald j. trump, business news, autos, breaking news: technology,
Source: https://www.cnbc.com/2025/03/10/tesla-shares-plunge-14percent-head-for-worst-day-in-five-years.html