Tesla Stock Plummets as Elon Musk Faces Mounting Challenges

Tesla shares hit their lowest point since October as protests, declining sales, and Musk's political controversies raise investor concerns.

Tesla's stock dropped 15% to $222.15, erasing $130 billion in market value and marking its worst day since 2020.
The company's global sales have declined, with European sales falling 45% in January and Chinese sales nearly halving in February.
Protests against Musk's leadership and his involvement with the Trump administration have targeted Tesla showrooms, with accusations of astroturfing protests by Democratic donors lacking evidence.
Musk's dual role as Tesla CEO and head of the Department of Government Efficiency (DOGE) has raised concerns about distractions from his corporate responsibilities.
Increased competition from Chinese and legacy automakers, alongside Musk's political stances, has further strained Tesla's brand and market performance.