At the beginning of the year, a Tesla stock was valued at 420 dollars or 8,400 pesos. However, the company has lost more value than any other U.S. automaker during the year, despite the pause in tariffs announced by the U.S. government.
Recent figures show that in addition to losing financial value, Tesla is also rapidly losing customers. The popularity of Tesla vehicles is declining, and the brand is starting to face rejection in markets like Germany and Canada.
For example, in February, Tesla car sales in Germany decreased by 76 percent, while total electric vehicle sales in that country increased by 31 percent. The company's stock price has also plummeted, raising concerns among investors.
Tesla has not been the only one affected; other companies like Ford and GM have also experienced drops in their stocks. Despite this, it is interesting to note the behavior of the Chinese electric car brand BYD, which could surpass Tesla's sales this year.
Investors have driven a 25 percent increase in BYD's stock price since the beginning of the year. Although both Tesla and BYD have annual sales hovering around 100 billion dollars, the Chinese company has a significantly lower valuation than its U.S. competitor.
The future of Tesla may depend on investors' speculation about autonomous vehicle technology and Elon Musk's position in politics. Although the company has recently launched the Cyber Truck, there have been no significant changes in its products since the unveiling of the Model 3 in 2017.
The uncertainty surrounding the tariffs imposed by the U.S. government has negatively impacted Tesla. Elon Musk has expressed concern about the reliance on parts from different markets, which affects its business.
President Donald Trump's political strategy regarding international trade has affected Tesla and has also created uncertainty in the automobile market. Musk, the president's closest ally, is impacted by these political decisions, creating a complicated scenario for the company and its investors.
