{"id":8806,"date":"2025-02-25T23:44:04","date_gmt":"2025-02-25T23:44:04","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/tesla-stock-falls-8-as-concerns-about-elon-musks-political-role-grow\/"},"modified":"2025-02-25T23:44:04","modified_gmt":"2025-02-25T23:44:04","slug":"tesla-stock-falls-8-as-concerns-about-elon-musks-political-role-grow","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/tesla-stock-falls-8-as-concerns-about-elon-musks-political-role-grow\/","title":{"rendered":"Tesla Stock Falls 8% as Concerns About Elon Musk\u2019s Political Role Grow"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that the carmaker would benefit from the <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/05\/us\/politics\/elon-musk-trump-rbg-election.html\" title=\"\">more than $250 million<\/a> that its chief executive, Elon Musk, spent to support the Trump campaign.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But an 8 percent decline in Tesla\u2019s stock on Tuesday all but wiped out what was left of that rally. Investors who once thought that Mr. Trump could help clear regulatory hurdles for Tesla autonomous driving technology have grown <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/20\/business\/elon-musk-tesla-trump.html\" title=\"\">concerned that Mr. Musk is spending too much time in Washington<\/a> while Tesla sales plummet.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">They also worry that Mr. Musk\u2019s immersion in right-wing politics, including his endorsement of a far-right party in German elections on Sunday, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/05\/business\/tesla-germany-elon-musk.html\" title=\"\">are alienating significant numbers of buyers<\/a>. In the United States, even some Republicans have become alarmed at Mr. Musk\u2019s slash-and-burn cost cutting as head of the so-called Department of Government Efficiency.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The decline in the shares, which has pulled Tesla\u2019s market value below $1 trillion, threatened Mr. Musk\u2019s status as the richest person in the world because much of his wealth is in Tesla stock. And the declines will stir further unrest among investors and employees who are upset that Mr. Musk has not articulated a plan to halt steady erosion of market share in the United States, Europe and China.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The shares closed at $302.80 on Tuesday, the lowest since Nov. 7, two days after the election. That was down 37 percent from a peak of $479.86 at the close on Dec. 17.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The losses on Tuesday were at least partly a reaction to a catastrophic decline in Tesla\u2019s European sales, which <a class=\"css-yywogo\" href=\"https:\/\/www.acea.auto\/files\/Press_release_car_registrations_January_2025.pdf\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">fell 50 percent in January from a year earlier<\/a>, according to new-car registrations tallied by the European Automobile Manufacturers\u2019 Association. Tesla sales fell in the region even as the overall market for electric vehicles surged 34 percent, according to a report by the association on Tuesday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Tesla\u2019s performance recently has shaken the faith of some investors who have long been optimistic about the company\u2019s prospects. Gary Black, managing partner of the Future Fund, who has 488,000 followers on X, said on the social network Sunday that he had been \u201cwrongly bullish\u201d about Tesla \u201cfor four years now.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Black noted that sales of the Cybertruck pickup, Tesla\u2019s newest vehicle, have been disappointing and that the company has been forced to cut prices for its Model 3 sedan and Model Y sport utility vehicle to prop up sales, cutting deeply into profit.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But he said that his firm still owned Tesla shares and that it expected them to recover to $380 in six to 12 months.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/02\/25\/business\/tesla-stock-elon-musk-trump.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that<\/p>\n","protected":false},"author":1,"featured_media":8807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[332,114,329,511,1175,510,305,334,113,111],"class_list":["post-8806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-automobiles","tag-donald-j","tag-electric-and-hybrid-vehicles","tag-elon","tag-high-net-worth-individuals","tag-musk","tag-stocks-and-bonds","tag-tesla-motors-inc","tag-trump","tag-united-states-politics-and-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla Stock Falls 8% as Concerns About Elon Musk\u2019s Political Role Grow - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/tesla-stock-falls-8-as-concerns-about-elon-musks-political-role-grow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla Stock Falls 8% as Concerns About Elon Musk\u2019s Political Role Grow - World News\" \/>\n<meta property=\"og:description\" content=\"Shares of Tesla had been on a tear since Donald J. 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