Tesla’s Market Cap Sinks Bell $ 1 Trillion as Stock Slumps More Than 8%

Tesla’s Postelaction pop has almost disapped.

Shares of the Electric Vehicle Maker Plunged more than 8% on Tuesday, Pushing The Company’s Market Cap Bell $ 1 Trillion and to its Lowest Since Nov. 7, which was two days after President Donald Trump’s Election Victory.

The stock has plummeted 25% to start the year, while the nasdaq is down just 1.5%, and has slaid more than 35% from it record close on dec. 16. CEO Elon musk Has Lost more than $ 100 billion in net Worth over that stretch, thought he is still the world’s richest person, with a fortune valued at about $ 380 billion.

The latest slide followed a report from Reuters On Monday that Tesla’s long-awaited upgrade to its partally automated Driving Systems Left Ownes Disappointed. Many users Told the publication that Tesla’s “Navigate on City Streets” Feature in China Fell Short of Musk’s Promies for Self-Driving Technology.

Other Ev Makers in China, Including BydOffer their partally automated Driving Systems for free or a Much Lower Cost. Xiaomi’s Popular Model Su7 Includes The Company’s Equivalent Technology as a Standard Option for free.

The report out of china added to anxiety among tesla sharehlders. Some of the concern has to do with the company’s performance and some is specific to musk, who is spending time of his time in washington, DC, Leading President Trump ‘ Efficiency, or dog.

Musk, Along with his team in washington, have gained unparaaliated access to government computer system and taxpayer data, and the president has enabled the billionaire to lead masss of workerrs in agency Tasked with oversight of his companies, Including Tesla.

Musk’s extramist political rhetoric and activism has been opponents in various markets to organize protestsIncluding at Tesla stores and service centers. Tesla’s Stock Dropped Earlier this month On Trump’s Announced Plans for Extended Tariffs on Goods from Canada, Mexico and China, which camera Alongside a decline in tesla vehicle registrations access europe in january and fervoryry.

For the Fourth Quarter, Tesla Reported Earnings and sales that missed analysts’ estimates, with automotive revapping 8% from a year earlier and operating income plumming 23%. In the late January report, the company cited average seling prises its aging lineup of model 3, model y, model s and model x vehicles as a major reason for the decline.

According to the California New Car Dealers Association, Tesla Sames Dropped 11.6% in the fourth Quarter of 2024 in the state, which has been tesla’s biggest market domestically.

Tesla Shares are now about 20% Above Where they were trading prior to trump’s victory. Most of what remains of the rally is due to the stock’s 15% jump The day after the election. Musk was a Major Backer of Trump’s Presidenal Efort, Contributing $ 290 Million to Republican Candidates and Causes in 2024, with Most of that directed at Returning Trump to the White House.

Musk and Tesla did not immMIDIELY Respond to CNBC’s requests for comment.

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