Tesla (NASDAQ: TSLA) has experienced a significant decline in its market capitalization, falling below the $1 trillion mark for the first time since November 2024. This downturn is primarily due to a substantial 45% drop in European sales in January, where Tesla sold 9,945 vehicles compared to 18,090 in the same period last year. This decline starkly contrasts with the overall 37.3% increase in electric vehicle sales across Europe during the same timeframe. Additionally, CEO Elon Musk’s involvement with the Trump administration’s Department of Government Efficiency (“DOGE”) has sparked protests and raised concerns about potential damage to Tesla’s brand image, further impacting investor confidence.
As of 10:31 AM EST on Feb. 27, 2025, Tesla’s stock is trading at $291.89, reflecting an increase of $1.09 (0.37%) from the previous close.
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About Tesla
Tesla’s mission is to accelerate the world’s transition to sustainable energy through the production of electric vehicles and renewable energy solutions. Founded in 2003, Tesla has become a leader in the automotive and energy sectors, offering products like the Model S, Model 3, Model X, and Model Y, as well as energy storage solutions and solar products.
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