Tesla’s stock has suffered its worst weekly performance since October, falling 11% due to disappointing sales reports worldwide. The electric vehicle maker’s shares are down 25% from their record high in December. Poor sales in key markets like Germany, France, the UK, and China have contributed to the decline. In contrast, Chinese competitor BYD Co.’s shares rose as investors reacted positively to an update on its smart-driving technology. Tesla’s struggles come amid a global slowdown, leaving investors to reassess their bets on the company’s future.
Source: https://www.bloomberg.com/news/articles/2025-02-07/tesla-shares-set-for-worst-week-since-election-as-sales-plunge