Elon Musk, CEO of Tesla Inc., in the Oval Bureau of the White House in Washington, February 11, 2025.
Aaron Schwartz Bloomberg Getty images
Tesla POP POSELECTION has almost disappeared.
The shares of the manufacturer of electric vehicles fell on Tuesday by over 8%, increasing the company's market capital below USD 1 trillion and to the lowest from November 7, i.e. two days later President Donald Trump Election victory.
The shares fell by 25% to start a year, while Nasdaq dropped only 1.5% and fell by more than 35% from its record closing on December 16 CEO Elon Musk He lost over $ 100 billion of net value compared to this episode, although he is still the richest person in the world, with a fortune worth about $ 380 billion.
The latest slide took place after the report with Reuters On Monday, the long -awaited Tesla update to partially automated driving systems meant that the owners were disappointed. Many users have informed the publication that the Tesla “Navigate on City Strets” function in China has no Musk promises regarding independent driving technology.
Other EV manufacturers in China, including HunterOffer partially automated driving systems for free or much lower costs. The popular Xiaomi SU7 model includes the company's equivalent technology as a standard option for free.
The report from China contributed to the fear of Tesla shareholders. Some of the problems concern the company's results, and some are specific to Musk, which spends a lot of time in Washington, the leading so -called Department of President Trump or Doge.
Musk, together with his team in Washington, gained unparalleled access to government computer systems and taxpayers' data, and the president enabled a billionaire to conduct mass dismissal of employees in agencies whose task is to supervise his companies, including Tesla.
Extremist political rhetoric and musk activism led opponents in various markets to organize protestsIn this in Tesla stores and service centers. Tesla reserves have fallen at the beginning of this month Trump's planned plans regarding extensive tariffs for goods from Canada, Mexico and China, which arrived with the decrease in the registration of Tesla vehicles throughout Europe in January and February.
After the fourth quarter of Tesla Reported Earnings and sales that overlooked analysts, with automotive revenues dropped by 8% compared to the year of the year, and operating income dropped by 23%. In the report at the end of January, the company quoted reduced average sales prices in its aging offer of model 3, model Y, model S and Model X as the main reason for the inheritance.
According to the California Association of New Car Dealers, Tesla sales fell by 11.6% in the fourth quarter of 2024 in a country that was the largest market in the country in Tesla.
Tesla's shares are now about 20% above, where they traded before Trump's victory. Most of the remains of the rally results from stocks 15% jump The day after the election. Musk was the main supporter of Trump's presidential efforts, contributing to $ 290 million on Republican candidates and reasons in 2024, and most of them consist of returning Trump to the White House.
Musk and Tesla did not immediately respond to CNBC requests for comment.
