Tesla plunges 36% in first quarter, worst performance for any period since 2022
Publishing timestamp: 2025-03-31 20:42:19
Summary
Tesla's stock plummeted 36% in the first quarter of the year, facing challenges such as declining new vehicle sales, concerns about President Trump's tariffs, and protests related to CEO Elon Musk's role in the administration. Musk's Department of Government Efficiency claims to have saved $140 billion, but there are doubts about the accuracy of their claims. Despite the stock drop, Musk remains optimistic about Tesla's long-term prospects.
Sentiment: MIXED
Tickers: TSLA,
Keywords: tesla inc, politics, venture capital, breaking news: politics, business news, technology, elon musk, autos,