26.02.2025 09:02
The decline in Tesla's sales in Europe, along with the loss in its stock value, has reduced the company's market capitalization to below $1 trillion. Its shares have lost 25% of their value since the beginning of the year.
The stock price of Tesla, owned by American billionaire Elon Musk, fell by 8.39% on Tuesday, dropping to $302.8.
10TH MOST VALUABLE COMPANY
With the decline in its shares, Tesla's market value fell below $1 trillion. Thus, Tesla ranked 10th among the world's most valuable companies with a market value of $973.96 billion.
TESLA'S POPULARITY HAS DECREASED
According to data released by the European Automobile Manufacturers Association (ACEA), Tesla car sales in Europe decreased by 45.2% in January compared to the same period last year. Analysts noted that Tesla's popularity has declined following Donald Trump's victory in the presidential elections held on November 5, 2024, in the U.S.
LOST 25% IN 2 MONTHS
After losing most of the gains it made following Trump's election victory, Tesla shares have lost 25% in value since the beginning of the year.