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Washington, DC:
Stocks of the Tesla of Elon Musk fell by more than 15 percent on Monday, the biggest decrease of a few years in several years in the midst of a broad market sale due to possible recession problems and uncertainty about the tariff plans of President Donald Trump. Shares registered their worst day since September 2020 and closed more than 50 percent under their record of $ 479 on December 17 last year.
The massacre in Wall Street came in the midst of concern about the decreasing sale of electric vehicles and politically driven protests against Mr. Musk about his involvement in the Trump government. However, the Tesla chef seemed to reject the concern about the market. Responding to a message to X about the biggest drops of a single day in Tesla shares, Mr. Musk wrote: “It will be fine in the long term.”
Tesla shares fell 15.4 percent towards the end of Monday’s trade session. It was the biggest decrease in the percentage by one day since September 2020, when shares saw a decrease of more than 21 percent in one day.
With this, Tesla shares witnessed a total decrease of 41.4 percent to date in 2025. This includes a decrease of more than 36.6 percent in recent months. From 10 March, Tesla shares fell by more than half of a new market capitalization of $ 696 billion after reaching its largest market capitalization of $ 1.5 trillion on December 17.
UBS has also reduced its target for the shares to $ 225 from $ 259, with reference to lower delivery predictions for the first quarter that it sees it as a result of the softer demand for Tesla’s Model 3 and Model Y vehicles. This has contributed to the sale, together with broader concerns about the US economy that is confronted with a recession and an increasing trade war in the midst of President Trump’s rate threats.
On Monday, the S&P 500 the Handelsdag finished 2.7 percent lower-the lowest closing level since September and the largest decrease in the daily percentage since December. In the meantime, the industrial average of Dow Jones fell by 2 percent, before the lowest end since 4 November, the day before Mr Trump’s election as president. The Nasdaq composite fell 4 percent to a lowest layer of six months.
Protests against Tesla
Tesla, where Mr. Musk Chief Executive is, is confronted with protests and even vandalism in some of his dealers. Last week Schoten was fired at a Tesla dealer in Oregon, while in Boston someone had set fire to the company’s charging stations. Authorities also arrested some violent demonstrators for collecting a Tesla dealer in Lower Manhattan.
Moreover, a recent report showed that the sale of Tesla cars in Germany, the largest market in Europe for electric vehicles, fell by 76 percent in February compared to a year earlier, with alarm bells for the entire European market.
Questions about the leadership of Musk
The fall in Tesla shares when his most important musk was confronted with questions about how much attention he pays to his companies, while he serves as a consultant to President Trump. In the week the business empire of Mr. Musk – including Tesla, Social Media Site X and the Rocket Maker SpaceX – took on challenges.
On Monday, when Tesla shares fell, users of X reported widespread malfunctions. Before, last week, a SpaceX rocket exploded during the launch in Florida and showered some places with debris.
Mr. Musk was quickly blamed for the X problems of a cyber attack as a result of Ukraine, without providing evidence. He posted on X that democratic donors were responsible for sowing protests against Tesla, again without evidence. In response to the SpaceX explosion, he said on X: “Rockets are difficult.”