Tesla Inc TSLA sales continue to drop in Europe in 2025 with the latest figures indicating the brand could be hurting from CEO Elon Musk's political push and calls for boycotts of the brand.
The fires, which the police said were intentionally set, are the latest in a series of attacks against Elon Musk's company.
Tesla (NASDAQ: TSLA) is facing a rocky start to 2025, with its stock plummeting over 6% on March 4, trading at $267.22 at press time.
Few people will be happier to see February end than Tesla Inc. NASDAQ: TSLA shareholders. The stock had the second-worst performance in its history.
BofA Securities has cut its price target on Tesla's stock, which is trading at a four-month low.
Steve Sosnick, Interactive Brokers chief strategist, joins CNBC's 'Squawk on the Street' to discuss market outlooks, why investors are gravitating to certain stocks, and more.
Shares of Tesla (TSLA -6.89%) are trading lower on Tuesday. The company's stock had lost 7.5% as of 10:30 a.m.
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Tesla's sales of China-made electric vehicles dropped 49.2% year-on-year in February, falling to 30,688 units, the lowest since August 2022, according to data from the China Passenger Car Association (CPCA). The decline comes as the US automaker faces increasing pressure from Chinese rivals in an escalating price war in the smart EV market.
Tesla Inc saw sales of its China-made electric vehicles tank to their lowest since August 2022 in February as rivals enjoyed improvements. According to the China Passenger Car Association, some 30,688 Chinese-built Teslas were sold over the month, marking a 49.2% drop against February last year.
A handful of automotive stocks are slumping just a bit in the premarket trading on Tuesday, as we continue to see fears of a recession in the United States at the moment, and of course, tariffs are now a serious question.
Tesla shares plunged 28% in February, their worst month since a 37% drop in December 2022. February also marked CEO Elon Musk's first full month in the White House as part of President Donald Trump's second administration.