Summary
Tesla is facing a steep global sales decline, with drops of 63% in France, 59.5% in Germany, and 11.5% in China.
Analysts attribute this to growing competition, economic concerns, and backlash against Elon Musk’s support for Donald Trump.
Investors worry about potential tariffs from the Trump administration, which Tesla admits could impact its supply chain and profitability.
The company has not released a new model since late 2023, and Tesla stock has fallen from $480 in December to around $350. Some investors call this a “Trump-lash” against Musk and Tesla.
Tesla stock is down 15% in the last 5 days, and as of this writing, 5% just today. If he had $100,000k in his 401k 5 days ago, its only worth $85k right now.
Tell your friend that Elon’s brother Kimball sold $28 million of Tesla stock 5 days ago right before elon’s announcement he wants to buy OpenAI. Kimball is a Telsa board member. Ask your friend if Elon and Kimball are selling, why is your friend still holding?
They’re up 60% over the last year and more if he has been in longer. He’s likely made a bundle if he sells now. Which is really, really stupid, but it’s true.
But like you said, there are some signs of sanity with the stock in the last week, so it may be collapsing again. But I really doubt it’ll drop way way more anytime soon. There’s almost zero connection to reality with this stock.