Tesla Stock Falls 4%, Hits Fifth Straight Loss as U.S. and European Sales Decline

Tesla stock fell nearly 4% on Wednesday, marking its fifth consecutive decline and its lowest close since November 6th. The drop follows weak U.S. and European sales data, despite overall EV sales in Europe rising. U.S. sales fell 13%, while total U.S. EV sales grew 15%. Tesla shares have fallen over 30% from their December high, wiping out more than $500 billion in market value. Tesla's market value fell below $1 trillion on Tuesday for the first time since early November. Shares have dropped nearly 30% since President Trump's inauguration, erasing about $400 billion in market value.