(FreePressBeacon.com) – In an alarming turn, Tesla stock has suffered one of its worst days ever, plummeting by 15% on Monday, March 10, 2025, pulling back to levels last seen before President Trump’s election win.
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This significant decline amid a Wall Street selloff marks the company’s most severe drop since September 2020, fueling fears about its future during this tumultuous economic climate. Investors are now left contemplating whether the Tesla “growth story” is unraveling.
Monday’s nosedive erased a 91% post-election gain, with Tesla shares closing at $222, their lowest since October 23.
Concerns stem from an overarching market anxious over Trump’s economic policies with the Nasdaq Composite also sinking by 4%.
This selloff has given pause to many who previously embraced the robust climb in Tesla’s stock.
Tesla’s frightful plunge is now the company’s 7th-worst day in its 15-year public market history. As FactSet data reveals, “Monday was Tesla’s worst percentage loss since September 2020 and the 7th-worst day in the company’s 15-year history on public markets.”
UBS analyst Joseph Spak forecasts a gloomy future, predicting Tesla’s vehicle deliveries to fall by 5% in 2025, a year that was once expected to see a 12% increase.
This would mark a second consecutive year of negative growth, Forbes reports.
Other challenges loom, like softened demands for the Model 3 and Model Y vehicles, further contributing to the decline.
The consequences are felt far and wide, with Elon Musk’s net worth plunging by $23 billion, falling to $145 billion, down from December’s peak.
Meanwhile, Tesla’s market capitalization has shriveled by roughly $800 billion.
$TSLA down 15% today in a brutal sell off.
Thought shorts might take a hit at some point, but they maintained control all day. pic.twitter.com/KbiUygrbtL
— Lucidvein (@Lucidvein) March 10, 2025
Protests have erupted against Musk’s political maneuvers and the impacts of the Department of Government Efficiency (DOGE).
Despite the challenges, some analysts retain a bullish perspective, pointing towards Tesla’s diversification into AI and robotics.
These analysts foresee potential opportunities for investors down the line. Wedbush analyst Dan Ives has reiterated an Outperform rating for Tesla, alongside maintaining a $550 price target.
While challenges such as Trump’s tariffs impacting Tesla’s market in China and the company’s diminished European sales persist, supporters remain hopeful for a bounce-back.
As the global electric vehicle market continues to grow, Tesla’s future may still be balanced on a knife-edge, swaying between further decline and a miraculous recovery.
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