Shares of Tesla were in a tear since Donald J. Trump won the presidential election. Investors bet that the car manufacturer would benefit from the more than $ 250 million who spent his Chief Executive, Elon Musk, to support the Trump campaign.
But a decrease of 8 percent in the Tesla shares on Tuesday, but has swept away what was left of that rally. Investors who once thought that Mr Trump could help to erase legal obstacles to Tesla Autonomous Driving Technology are concerned that Mr. Musk spends too much time in Washington, while Tesla Sales is falling.
They are also concerned that the immersion of Mr. Musk in right -wing politics, including his approval of an extreme right -wing party in German elections on Sunday, alienates a considerable number of buyers. In the United States, even some Republicans were alerted by cutting Mr. Musk's Slash-and-Burn costs as head of the so-called Ministry of Government Efficiency.
The decrease in the shares that Tesla's market value has drawn under $ 1 trillion, threatened Mr. Musk's status as the richest person in the world because much of his wealth is in Tesla shares. And the decreases will cause further unrest among investors and employees who are upset that Mr. Musk has not expressed a plan to stop a steady erosion of market share in the United States, Europe and China.
The shares closed on Tuesday at $ 302.80, the lowest since November 7, two days after the elections. That fell by 37 percent of a peak of $ 479.86 at the end on December 17.
The losses on Tuesday were at least partly a response to a catastrophic decrease in Tesla's European turnover, which in January fell by 50 percent from a year earlier, according to registrations for new cars that were clarified by the European Automobile Manufacturers' Association. Tesla's turnover decreased in the region, even when the total market for electric vehicles rose 34 percent, according to a report from the association on Tuesday.
Tesla's performance recently shaken the confidence of some investors who have long been optimistic about the company's prospects. Gary Black, Managing Partner of the Future Fund, who has 488,000 followers on X, said on the social network on Sunday that he had been 'wrongly Bullish' about Tesla 'for four years now'.
Mr. Black noted that the sale of the Cybertruck -Pick -Up, the newest vehicle in Tesla, has been disappointing and that the company is forced to lower the prices for his model 3 sedan and model y sport utility vehicle to sell the sale Support, which cut deep into the profit.
But he said that his company still had Tesla shares and that it expected that they would reclaim to $ 380 in six to 12 months.
Wall Street analysts said on Tuesday that they viewed the decline in Tesla shares as a return to the process they were on before the bouncing after the elections.
This year Tesla predicts the growth of vehicle sales and sales data from Europe suggest that the automaker could see a decline instead.
“It is a sign that Tesla may not see the growth growth that management leads in the past quarters,” said Seth Goldstein, an analyst at Morningstar.
Mr Goldstein said it was too early to definitively say the impact the political activities of Mr. Musk and close ties with Mr Trump on Tesla.
“It is always a risk if he wants to continue wading in politics that he has shown some consumers, and I think there is some worries in the market that the Tesla brand may not resonate with customers,” he said.
Until now, Mr Goldstein added, he has not seen any tangible evidence that would indicate a weakening of the brand on the American market, although it seems more likely that this could happen in Europe.
Tesla is confronted with increasing competition, both from European car manufacturers and Chinese manufacturers who offer long -distance electric models at prices comparable to Tesla's.
