Summary
Tesla is facing a steep global sales decline, with drops of 63% in France, 59.5% in Germany, and 11.5% in China.
Analysts attribute this to growing competition, economic concerns, and backlash against Elon Musk’s support for Donald Trump.
Investors worry about potential tariffs from the Trump administration, which Tesla admits could impact its supply chain and profitability.
The company has not released a new model since late 2023, and Tesla stock has fallen from $480 in December to around $350. Some investors call this a “Trump-lash” against Musk and Tesla.
You say that, but a lot of his wealth in other things is from leveraging TSLA. If that drops it might have a cascade effect.
I don’t disagree, but even if he lost a further $199B he’d still be a billionaire. There are only 756 billionaire in the USA. By no measure is a billionaire poor.