Why Shares of Tesla Are Falling This Week and Have Given Back Most of Their Post-Election Rally
Things can change in a hurry. After Tesla (NASDAQ: TSLA) saw its stock price explode following President Donald Trump's victory in early November, much of that rally has now been erased, a trend that continued this week. Shares of the electric car maker had fallen close to 15% for the week as of 11:40 a.m. ET Thursday.The big culprit hurting the stock this week is coming from Europe. According to the trade organization Acea, sales of Teslas in January declined by 45% across the European Union and United Kingdom. This happened while the regions saw electric car sales increase significantly.Meanwhile, investors are bracing for Q1 sales to be the lowest seen since late 2022. Check out the graph below of the stock's recent moves. Continue reading
Things can change in a hurry. After Tesla (NASDAQ: TSLA) saw its stock price explode following President Donald Trump's victory in early November, much of that rally has now been erased, a trend that continued this week. Shares of the electric car maker had fallen close to 15% for the week as of 11:40 a.m. ET Thursday.
The big culprit hurting the stock this week is coming from Europe. According to the trade organization Acea, sales of Teslas in January declined by 45% across the European Union and United Kingdom. This happened while the regions saw electric car sales increase significantly.
Meanwhile, investors are bracing for Q1 sales to be the lowest seen since late 2022. Check out the graph below of the stock's recent moves.
