Tesla Stock Plunges: $700 Billion Loss as Global Sales Decline
2025-03-07
Bloomberg
The gamble on Tesla's shares surging due to Elon Musk's political ties has backfired, with the company experiencing a significant decline in global sales. As a result, Tesla has erased a whopping $700 billion in value, leaving investors reeling. The electric vehicle market is becoming increasingly competitive, with other companies like Rivian and Lucid Motors gaining traction. With Tesla's sales sliding, it remains to be seen how the company will recover from this massive loss. Electric vehicle sales and EV market trends will be closely watched in the coming months.
