Shares of the automotive giant Tesla plummeted more than 47% on the New York Stock Exchange between the start of President Donald Trump's administration and March 10, 2025. In less than two months, the company's stock founded by Elon Musk dropped from $424.07 to a low of $222.15 at the close on March 10, representing a loss of $201.02 per share, equivalent to an overall decline of 47.61%.
Tesla's decline on the New York Stock Exchange began the day after Donald Trump's inauguration, with an initial drop of nearly nine dollars and a closing price of $415.11 on January 21. Within just seven days, shares fell to $389.10 each, with a reduction of 8.24% in the first week of the Trump administration, where Elon Musk holds the position of head of the newly created Department of Government Efficiency.
On March 3, 2025, the most significant reversal for Tesla's stock in the U.S. stock market was recorded, with share value falling below $272. In March, shares accumulated a decline of 15.43%, signifying a depreciation of $40.52 per unit compared to the previous Friday's close when they reached $262.67.
Along with a lack of investor interest in their shares, Tesla faces a decline in sales and revenues globally in the electric vehicle market. The latest report from Carscoops revealed that the brand reported significant sales drops in key markets in Europe and Asia, with declines of up to 76.3% in Germany, 71.9% in Australia, and 49.16% in China.
This decline translates to a global loss of at least $700 billion between December 2024 and the early weeks of March 2025. Tesla's situation has become even more complex due to the crisis in sales and revenues, exacerbated by the lack of investor interest in its shares.
