The first 50 days of Donald Trump’s second presidency have been brutal for the stock market, with Tesla Inc emerging as one of the biggest casualties. Shares of the electric vehicle giant have tumbled nearly 48% since President Trump’s inauguration day on January 20, driven by collapsing sales, a weak earnings report, and CEO Elon…
Shares of the US electric vehicle pioneer Tesla slumped nine percent Tuesday, as investors digested disappointing European sales and chief executive Elon Musk’s aggressive foray into politics. The auto giant sold less than 10,000 units in Europe last month, down 45 percent from a year earlier. The fall in Tesla’s share price dragged its market…
Tesla sales plunged in Germany last month, official data showed Wednesday, after billionaire owner Elon Musk waded into the country’s election campaign by vocally backing the far right. Shares of the company were trading 2.61% down at $381.99 at 11.38 am on Nasdaq. Just 1,277 of the US firm’s electric cars were registered in Europe’s…