Tesla investors are bracing for a drop in first-quarter vehicle deliveries as a backlash against CEO Elon Musk's politics exacerbates weakening demand for the electric vehicle maker's aging lineup.
Tesla (TSLA -3.42%) stock has been under enormous pressure in recent weeks. After surging in the aftermath of the U.S. presidential election on hopes that CEO Elon Musk's cozy relationship with President Donald Trump would lead to a windfall for the electric vehicle (EV) company, the stock price has been on a downward slide since mid-December, falling nearly 45%.
It's been a tough few months for Tesla (TSLA -3.42%) shareholders, as the stock has been on a downward trajectory since mid-December. Even with its recent bounce, Tesla stock is still trading down about 45% from its highs, as of this writing.
The EV maker broke a 9-week losing streak. It's still down 10% for March.
Tesla (TSLA) shares seesawed after the U.S. announced new tariffs on autos. But while the news might seem like a negative for the EV maker, Morningstar's Seth Goldstein thinks otherwise.
Tesla (TSLA -3.42%) has long been a battleground stock with very divided views about where the stock will go, and the trenches only seem to have gotten deeper in recent months.
Tesla (TSLA -3.42%) hit a record high of $480 per share in December after Donald Trump won the presidential election. The market assumed the relationship between CEO Elon Musk and President Donald Trump would benefit the company in some way, but that benefit has yet to materialize.
Tesla faces politically motivated protests because of CEO Elon Musk's close relationship with President Donald Trump.
“Tesla Takedown” organizers have promised their biggest day of global action today, encouraging thousands to protest outside Tesla showrooms, dealerships, and even charging stations to peacefully object to Elon Musk's role in slashing government spending.
Stellantis will buy credits from a "pool" led by Tesla also in 2025, to meet European Union's CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group's Europe head said on Saturday.
Lucid Interim CEO Marc Winterhoff discusses the company's growth and goals on 'The Claman Countdown.'
Following his industry update report, BofA Securities analyst Vivek Arya spotlighted his three diversified semiconductor top picks on Friday.