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Tesla plunges 36% in first quarter, worst performance for any period since 2022 - TL;DR CNBC

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 incpoliticsventure capitalbreaking news: politicsbusiness newstechnologyelon muskautos

Source: https://www.cnbc.com/2025/03/31/tesla-plunges-36percent-in-first-quarter-worst-performance-since-2022.html


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