Tesla Lost More Than One-Third of Its Value in First Quarter [View all]

Source: Newsweek

Published Mar 31, 2025 at 4:21 PM EDT | Updated Mar 31, 2025 at 8:02 PM EDT


Tesla's stock price continued falling on Monday, deepening its year-to-date decline to 36 percent.

Why It Matters

The drop, spurred by negative sentiment toward Tesla CEO Elon Musk over his Department of Government Efficiency (DOGE) cuts under President Donald Trump, makes Tesla one of the worst-performing stocks in the S&P 500 so far this year. Dramatic market swings have become the norm in Trump's second term, driven by uncertainty over the president's tariff plans and investors' concerns that the tariffs will fuel inflation and slow economic growth.

What To Know

Tesla's stock price at market close on December 31, 2024, was $403.84. By the time markets closed on Monday, the electric vehicle company's stock price was $259.16, resulting in a 35.82 percent decline over the first quarter of 2025.

The carmaker has been a target for anti-Musk demonstrators who oppose his high-profile role in leading the Trump administration's government cost-cutting initiatives. Tesla showrooms and factories across the country have been inundated with protests and there have been multiple reports of people vandalizing, firebombing and otherwise damaging Tesla vehicles.

Read more: https://www.newsweek.com/tesla-lost-more-third-its-value-first-quarter-2053287