Elon’s daily news capturing fans’ hearts on Blognone was a rollercoaster last night. Tesla stock plummeted nearly 8% as investors fretted over a 45% sales drop in Europe for January, juxtaposed with a 37.3% surge in EV car sales in the same region.
The dip in stock price dragged Tesla’s market cap below $1 trillion, resting at $974 billion, losing its Trillion Dollar Company status that began in November 2024 after Donald Trump’s election victory.
The reasons behind Tesla’s sales decline are open to interpretation, but Blognone members assert that Elon’s political stance is not to blame, so let’s steer clear of that topic.
Source – Business Insider
TLDR: Tesla stock drops, market cap falls below $1 trillion, amidst contrasting EV sales data in Europe. Elon’s politics are not the concern for Tesla’s performance.
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