Tesla Inc.'s stock has suffered a 14.11% drop recently, as tensions between CEO Elon Musk and President Trump escalate. After a brief gain of 63.57% earlier this year, sales in Europe have collapsed, notably an 80.7% plunge in Sweden. Tesla's market cap, once valued above $1 trillion, now stands at $1.09 trillion, creating doubt about the success of future growth initiatives such as the Cybercab and Optimus robot. While some see this downturn as a buying opportunity, increasing competition raises concerns over Tesla's market dominance.
After experiencing a 63.57% rebound from its year-to-date low, Tesla's stock has recently declined by 14.11% amid a deteriorating relationship between Elon Musk and President Trump.
Tesla's sales continue to see a steep decline, with reports highlighting a staggering 80.7% drop in Sweden and the company now commanding less than 50% of EV sales in California.
Despite hitting an all-time high in December 2024, Tesla's market cap diminished significantly, now standing at $1.09 trillion amidst growing concerns about its future growth potential.
Investor sentiment is tempered as the stock's recent downturn presents a potential buying opportunity, but increasing competition and unmet ambitious projects cast doubts on Tesla's long-term outlook.
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