| The needle has moved. https://www.thestreet.com/video/tesla-loses-1-trillion-statu... Stock is dropping, sales are falling, Elon is losing money with his antics. [Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit] It may not be obvious to you, but the protests are emboldening people. https://electrek.co/2025/02/24/tesla-protests-gain-momentu-w... Not sure where you are, but here in the UK sales might not have dropped as much as other European countries but there are definitely less Tesla's around, and the conversation is towards other EV makers because people don't want to fund him. |
Yes, but also that only takes the price back to early November, i.e. undoes the bubble from people thinking Trump affiliation would help.
Even after that, on the basis of the P/E ratio, I wouldn't be surprised by the share price dropping 90% from today, i.e. hovering around a price of $29/share.
That needle may yet move, but it's too soon to tell. I'd expect Musk to have an explict falling out with Trump first, not merely the current state of Trump having no interest in supporting EVs.