Tesla’s share price fell more than 8 per cent as of Tuesday afternoon
Tesla's stock price dropped over 8% on February 25, contributing to a 25% decline since December 31. This fall caused Elon Musk's net worth to decrease by $15 billion, with Musk losing $52 billion in total this year. The decline is linked to Musk's political involvement, particularly his association with former President Donald Trump, which has reportedly affected investor confidence. Additionally, Tesla's sales in Europe have dropped significantly this year, with Germany and France experiencing their lowest registrations since 2021. Analysts suggest Musk's political distractions and potential brand alienation may be contributing factors, though they describe the issues as "containable."
