Elon Musk’s Tesla’s shares declined by more than 15 percent on Monday, in many years, there was uncertainty on the potential recession concerns and the tariff plans of President Donald Trump amidst selling a wide-based market amid its biggest single-day decline. The stocks recorded their worst day since September 2020, which closed over 50 percent below the high level of $ 479 on December 17 last year.
The fall in the bloodbath electric vehicle sales in Wall Street and his participation in the Trump administration came amid concerns over the politically conducted protests against Mr. Musk. The Tesla chief, however, seemed to dismiss the market concerns. Responding to a post on X about the largest single-day drops of Tesla’s shares, Mr. Musk wrote, “It will be fine for a long time.”
A look at Tesla’s shares
By the end of Monday’s trading session, Tesla’s shares declined by 15.4 percent. This was the biggest single-day fall since September 2020, when the stocks saw a decline of more than 21 percent in a single day.
With this, Tesla Stock has so far seen a total decline of 41.4 percent in 2025. This includes a decline of over 36.6 percent in the previous months. As of 10 March, Tesla Stock fell on 17 December with a decline of more than $ 696 billion after $ 1.5 trillion reached its largest market capitalization.
The UBS has also reduced its price target on stock from $ 259 to $ $ 225, citing low delivery forecasts for the first quarter, it sees as a result of a soft demand for Tesla’s model 3 and model Y vehicles. This contributed extensive concerns about the American economy, as well as widespread concerns about a recession and President Trump’s tariff dangers.
On Monday, S&P 500 ended its lowest closing level since trading day 2.7 percent less and its biggest daily percentage fall since December. Meanwhile, Dow Jones Industrial Average, fell 2 percent, for the least close since November 4, one day before the election as Mr. Trump’s President. Nasdaq composite declined by 4 percent.
Protest against Tesla
Tesla, where Mr. Musk is the chief executive, is facing protests at some of his dealerships and even barbarity. Last week, shots were set at a Tesla dealership in Oregon, while in Boston, someone set the company’s charging stations on fire. Authorities also arrested some violent protesters to rally at a Tesla dealership in Lower Manhattan.
Furthermore, a recent report found that Europe’s largest market for electric vehicles, Tesla car sales in Germany, fell 76 percent compared to a year ago in February, playing alarm bells for the entire European market.
Question on the leadership of Musk
Tesla came as a decline in stock as its main musk is facing questions on how much he is paying attention to his businesses while serving as President Trump. During the week, Mr. Musk’s Business Empire – which includes Tesla, social media site X and rocket maker Spacex – has run into challenges.
On Monday, as Tesla’s shares fell, X users of X reported extensive outage. Earlier, last week, a spacex rocket burst in Florida during the launch, a few places shower with debris.
Without providing evidence to Mr. Musk, there was a hurry to blame the X issues on the cyber attack arising from Ukraine. He posted on X that Democratic Donor was responsible for the protest against Tesla, again without evidence. In response to the SpaceX explosion, he said on X: “Rockets are hard.”
