Tesla Faces Mounting Challenges as Sales Decline and Tariffs Bite

Elon Musk confirms significant tariff impacts as Tesla stock drops and analysts warn of price hikes and competitive pressures.

Tesla's global sales continue to decline, with market share erosion in the U.S., Europe, and China attributed to intensifying competition.
President Trump's 25% automotive tariffs are expected to force Tesla to raise prices, despite its U.S.-based production advantage.
Tesla's stock dropped 3.51% on March 28, capping a volatile week, though it showed overall weekly gains of 2.10%.
Elon Musk acknowledged the tariffs' negative impact on Tesla, reinforcing concerns raised by analysts like Dan Ives of Wedbush Securities.
Analysts remain divided on Tesla's resilience, with some citing its U.S. production as a relative advantage, while others predict further challenges.