Tesla shares fell by 28% in February…!? What is Elon Musk going to do?

It has been revealed that the share value of tesla, owned by Elon Musk, has fallen by 28 percent in February. tesla manufactures and sells electric vehicles in various countries. The company is also planning to sell its electric cars in india soon. But recently, the sales of tesla cars have been declining. The main reason for this is China's BYD electric vehicle company. This company sells electric cars at a budget price compared to tesla and is capturing Tesla's main market, china and Europe. In this situation, Tesla's share price has fallen by 28% in February. The share price of tesla, which was $479 in december, has fallen to $293 in February. One reason for this is that the US stock markets are in decline. In the last two months alone, the S&P 500 index has fallen by 2%.
As for tesla, its share price fell by 37 percent in december 2022. After that, it saw a huge decline in february this year. One reason for this is that Tesla's sales in the european market have declined. According to the information released by the european Automobile Manufacturers' Association, only 9,945 tesla vehicles were sold in january 2025, compared to 18,161 last year. At the same time, the trend of buying electric vehicles in european countries has increased by 37 percent. Therefore, people have started buying and using electric vehicles from other brands instead of Tesla. So tesla now has a big competitor in the european market.
Elon Musk has become very close to President donald trump in the United States. But that has not helped his company's shares rise in any way. Investors say that this closeness is reducing confidence in his company. In this situation, tesla is going to introduce a new electric car in the european market under the name Model Y at a budget price.
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Sowmiya Sriram

02/03/2025 08:04 AM