The Trump effect no longer boosts Tesla: Stock drops by nearly a third since peak
Briefly

Tesla's financial vulnerability is underscored by its close relationship with influential figures like Donald Trump. Currently, the company faces significant stock decline, losing 31.5% since December. Revenue growth is stalling, with vehicle sales decreasing and disappointing earnings results impacting future profit forecasts for 2024 and 2025. As Tesla navigates these challenges, investors are increasingly prioritizing financial reports over past relationships, highlighting the need for improved income statements for stability.
Elon Musk's closeness with Donald Trump may influence Tesla's interests, but investors ultimately focus on the company's financial performance and future expectations.
Tesla's recent underperformance has sparked concerns, with its stock losing 31.5% of value since December and causing adjustments to profit forecasts for 2024 and 2025.
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