Surprising China news sends Tesla's stock reeling
Here’s what happened to the EV giant.
Tesla (TSLA) shares lost 3% on Mar. 4 following Monday’s drop. Amid weak sales, tariff worries, and CEO Elon Musk’s intensifying political role, the stock has lost a third of its market value since President Donald Trump took office.
Data from the China Passenger Car Association showed that Tesla’s February wholesale number, which includes exports and retail sales, dropped 49% year-over-year.
