The stock continued its downward trend into March, dropping 28% in February, its biggest dip since a 37% fall in December 2022. This drop comes right after Elon Musk’s first full month as head of President Trump’s Department of Government Efficiency.
On March’s first trading day, the stock took another 3% hit, bringing Tesla’s market cap to around $915 billion. With concerns over U.S. consumer spending, policy changes, and a 45% sales drop in the EU, some analysts say Musk’s political moves might be turning off potential buyers.
