Tesla Stock Plummets After Musk’s Washington Trip: Shareholder Lawsuit Looms?
Tesla stock has experienced a record-breaking seven-week decline, coinciding with Elon Musk’s entry into the Trump administration. This downturn, pushing the stock to its lowest point since Election Day, reflects concerns from Wall Street analysts regarding decreased vehicle sales and the absence of updates on a planned low-cost model. Multiple firms, including Bank of America and Goldman Sachs, lowered their price targets, citing weakening sales in key markets like Europe and China. Furthermore, intensified competition, particularly regarding Tesla’s Full Self-Driving system in China, contributed to the negative outlook.
John Q. Hosedrinker