Tesla shares plunged 10.16% to $240.12 on Friday, continuing a turbulent year for the electric vehicle maker. The stock, once a flagship of the “Magnificent 7,” has shed significant value in 2025 — including a previous one-day drop of 15% in early January that wiped out $125 billion in market capitalization.
The latest decline follows a fresh wave of global protests and consumer backlash triggered by Tesla CEO Elon Musk’s political alignment with U.S. President Donald Trump. Musk’s advisory role has sparked boycotts and damaged Tesla’s brand in several key international markets.
Adding to investor concerns, Tesla reported weaker-than-expected first-quarter numbers. The company delivered 336,681 vehicles between January and March 2025 — down 13% from Q1 2024 and a steep 32% drop sequentially, marking the lowest quarterly delivery figure in nearly three years. Production was also down 16% year-over-year at 363,000 vehicles.
Tesla’s aging product lineup has struggled to keep up with the growing EV competition. Global rivals such as BYD, Volkswagen, and BMW have rapidly expanded their EV portfolios with fresher models and attractive pricing, particularly in the Chinese and European markets. According to Reuters, BYD’s aggressive expansion and competitive pricing have directly chipped away at Tesla’s market share.
With trade tensions between the U.S. and China escalating amid reciprocal tariffs, Tesla’s dependence on both countries for production and sales adds to the uncertainty clouding its outlook.
Updated stock details (as of April 4):
- Share Price: $240.12
- Change: -$27.16 (-10.16%)
- Previous Close: $267.28
- Day Range: $236.00 – $261.00
- 52-Week Range: $138.80 – $488.54
- Market Cap: $755.98 billion
- Avg Volume: 127.30 million
- P/E Ratio: 118.39
- Primary Exchange: NASDAQ
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