[Global Network Financial Comprehensive Report] On Tuesday local time, Tesla's share price suffered a significant setback. It closed down 4.43%, with its market value evaporating by $4.06 billion (approximately 295 billion yuan), and the trading volume throughout the day was $34.062 billion. During the trading session, Tesla's share price dropped by more than 7% at one point, hitting a new low since the day after the U.S. presidential election voting day in November 2024.
Market analysts believe that the decline in the share price may be related to a number of recent negative news. Bank of America recently significantly lowered Tesla's target share price from $490 to $380.
In addition, Tesla also has unfavorable news. According to the documents submitted by Tesla to the U.S. Securities and Exchange Commission (SEC), the company's chairman, Robin Denholm, reduced her holdings of 112,390 shares of Tesla common stock on March 3 local time, with a total value of approximately $33.7 million.
In terms of sales data, according to the data released by the China Passenger Car Association on March 4, Tesla's estimated wholesale sales volume in China in February was only 30,688 vehicles, a significant decline compared to approximately 63,200 vehicles in January. This poor performance in sales data also exerted pressure on Tesla's share price.
同时,政治因素也对特斯拉股价产生了影响。据美联社3月1日报道,美国多地特斯拉门店外发生了示威活动。
At the same time, political factors also had an impact on Tesla's share price. According to an AP report on March 1, demonstrations took place outside Tesla stores in many places in the United States.
"We can get back at Musk by boycotting Tesla and telling others to do the same. Sell your stock, sell your Tesla," said Nathan Phillips, an ecologist who joined the protest in Boston."