Tesla’s stock has seen a significant decline, dropping more than 8% and resulting in a market valuation that has dipped below $1 trillion. This downturn comes on the heels of the company’s introduction of ‘city road automated driving’ in China, alongside a steep drop in sales across Europe for January.
Tesla’s stock price plummets by 40%, why is Musk indifferent?
Tesla’s stock price has plunged 22% over six days due to a significant drop in sales in Europe, escalating political controversies surrounding Elon Musk, and limitations on the Chinese version of FSD functionalities. The market confidence is facing serious challenges.