Tesla market capitalization sinks below $ 1 billion, since the shares fall more than 8%

Tesla’s Pop Pop has almost disappeared.

The actions of the electric vehicle manufacturer further than 8% fell on Tuesday, which took the company’s market capitalization below $ 1 billion and its lowest since November 7, which was two days later President Donald Trump’s Electoral victory.

The action has plummeted 25% to begin the year, while Nasdaq has dropped only 1.5% and has reduced more than 35% since its record closing on December 16. CEO ELON ALMIZCLE It has lost more than $ 100 billion in net assets in that section, although it remains the richest person in the world, with a fortune valued at approximately $ 380 billion.

The last slide followed a report from Reuters On Monday, the long -awaited Tesla update to its partially automated driving systems left disappointed owners. Many users told the publication that the characteristic of “navigation in the streets of the city” of Tesla in China did not reach Musk’s promises for autonomous driving technology.

Other EV manufacturers in China, including BydOffer your partially automated driving systems for free or a much lower cost. The popular Xiaomi model includes the company’s equivalent technology as a standard option for free.

China’s report joined anxiety among Tesla’s shareholders. Part of the concern has to do with the company’s performance and others are specific to Musk, which is spending much of his time in Washington, DC, leading the so -called Efficiency Department of President Trump’s government, or Doge.

Musk, together with his team in Washington, has obtained incomparable access to government computer systems and taxpayers data, and the president has allowed the billionaire to lead massive shots of workers in agencies responsible for supervision of their companies, including Tesla.

Musk’s extremist political rhetoric and activism have led opponents in several markets to organize protestseven in Tesla stores and service centers. The Tesla stock fell Earl this month On Trump’s announced plans for extensive tariffs on goods in Canada, Mexico and China, which occurred in Tesla vehicle records in Europe in January and February.

For the fourth quarter, Tesla reported The profits and sales that lost the estimates of the analysts, with automotive income that decrease by 8% compared to the previous year and the operating income pilan 23%. At the end of the January report, the company cited the average sales prices reduced in its aging of the vehicles of model 3, model and model S and model X as an important reason for the decrease.

According to the Association of New Callifornia Automobile dealers, Tesla’s sales fell 11.6% in the fourth quarter of 2024 in the state, which had been the largest market in Tesla nationwide.

Tesla’s actions are now approximately 20% above where they were quoting before Trump’s victory. Most of what remains of the rally are due to actions 15% jump The day after the elections. Musk was a great sponsor of Trump’s presidential effort, contributing with $ 290 million to republican candidates and causes in 2024, with most of that aimed at returning Trump to the White House.

Musk and Tesla did not immediately respond to CNBC’s requests.

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