Tesla Faces Stock Plunge, Protests, and Investor Concerns
Tesla is in the spotlight as its stock continues to slide, protests against Elon Musk grow, and investors express concerns over his political involvement. Here’s what’s happening.
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Tesla’s stock has taken a massive hit, dropping nearly 50% since the start of the year.
Short sellers have made a staggering $16.2 billion as the company struggles with declining investor confidence.
Meanwhile, Chinese EV giant BYD is soaring, hitting record highs thanks to its cutting-edge fast-charging technology.
Protests against Elon Musk and Tesla are spreading across the U.S.
and beyond.
A movement called 'Tesla Takedown' is organizing demonstrations outside Tesla dealerships, accusing Musk of supporting authoritarian policies.
Some protests have even turned violent, with Tesla dealerships and charging stations being vandalized.
Christopher Tsai, a major Tesla investor, has warned Elon Musk that his deep involvement in politics is hurting
the company.
Tesla’s stock has dropped 38% this year, and sales are declining as Musk’s political ties alienate customers.
Some Tesla owners are even selling their cars, fearing backlash.
While the broader stock market is recovering, Tesla’s stock continues to fall.
Analysts cite weakening demand, brand perception issues, and competition from Chinese EV makers as key reasons.
Even Trump’s public endorsement of Tesla hasn’t been enough to stop the decline.
(Reuters) - China is delaying the approval for BYD (SZ:002594) to build a plant in Mexico over concerns
that the technology developed by the electric vehicle maker could leak to the U.S., the Financial Times reported
on Wednesday, citing two people familiar with the matter.
