Your guide to what the US 2024 elections are for Washington and the world
Monday drop destroyed profits for shares after winning Trump’s election and leaves them more than 50 percent below a record high in December.
After the sale, Trump stated on his social platform the truth that to buy a “brand new” Tesla On Tuesday, “How to show the confidence and support of Elon Musk, a really great American.”
He added: “Radical left lunatics, as they often do, try to boycott Tesla illegally and gracefully.”
Tesla shares grew over weeks after the November election Trump I chose Musk, which donated more than $ 100 million to Republicans to head the cost of the government.
But since then, Tesla has been in the consumer reaction in Europe, where the billionaire has intervened in politics, including supporting the German German Election in the last month. His US exhibition halls were also aimed at protesters.
The company also faces a broad slowdown on the electric cars and concerns about the aging portfolio of products.
The drop on Monday destroyed $ 131 billion from Tesla market capitalization, leaving it at $ 714 billion and less than half of December at 1.54 tN.
Tesla shares have been the hardest hit of a group of seven technological stocks that have been working on the stock market over the last two years.
The composite NASDAQ index has fallen by 4 percent, this is the biggest drop in two and a half years. The S&P 500 index lost 2.7 percent after 3.1 percent falling last week’s worse than six months.
Analysts have said on Monday decreased on the back of very high expectations of the growth of companies, which investors quickly overestimated to Trump’s aggressive trade policy and giving confidence in consumers.
Tesla shares increased by 2.7 percent in the previous market.
Trump was a vocal critic of electric vehicles, saying that the efforts of former President Joe Biden on sales were risked “Complete alliteration“From the American automotive industry.
From the moment of returning to the White House, Trump threw Biden’s target administration that half of the car sold in the United States by 2030 should be subjected to battery. The administration also noted that the federal tax loan worth $ 7,500 could be exceeded.
Tesla investors are waiting to find out whether the upgraded Group’s upgraded model will help to restart Tesla sales that fell in Germany, France, Norway and China in February.
“Stark, which is reduced by the year, sales growth per year can be a sign of a constant issue of mood that affects the company in addition to the reduction of production related production,” said Tom Narajan, RBC Capital Markets analyst.
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fcb5628ae-eb54-4e09-9cc2-13be102a4b9f.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
2025-03-11 12:18:00
