Tesla drown 36 % in the first quarter, the worst performance since 2022

Timing The shares have concluded the worst quarter since 2022 and suffered from its third decrease in the 15th anniversary of the public market.

The shares of the electric car maker decreased by 36 % in the first three months of the year.

It was the last time that Tesla was worse at the end of 2022, when the shares occupied 54 %. This quarter included the CEO Elon Musk sale Of more than $ 22 billion in Tesla’s shares to finance his acquisition on Twitter worth $ 44 billion, it was later called X. On Friday, Musk said Earn xi X In a deal, the social media company resides at $ 33 billion.

A decrease in the first quarter of Tesla has been eliminated more than $ 460 billion in the market. The majority of the quarter interferes with the MUSK time in the second Trump administration, leading to an effort to reduce government spending and regulations, and end tens of thousands of federal employees.

Musk leads what is known as the Ministry of Governmental Efficiency, or Doug. As of Monday, the Doge website claimed that until March 24, the program achieved $ 140 billion in federal spending discounts, a number equal to less than a third of the Tesla evaluation loss in the first quarter.

On Sunday evening, in Hashid in Green Bay, Wisconsin, to promote the right -wing judge who supports him in the election of the Supreme Court on Tuesday: “Tesla and the arrow of all those carrying Tesla went to almost half.” “This is an expensive job that I am saying.”

Web on Doug website Many errors Previously, the group causes its own claims about its savings. It was found that many Musk allegations about waste, fraud and abuse in the federal budget Disturbing or wrong.

Musk recently said on a Fox News An interview with Brett Bayer, that he and Douj are planning to reduce $ 1 trillion of total levels of federal spending by May.

The role of musk in the White House is one of the factors weighing on Tesla shares, as it contributes to waves of ProtestsBoycott and violent attacks on Tesla stores and vehicles around the world. President Trump’s tariff is also a concern because it includes the main suppliers of Tesla, especially Mexico and China. The tariff concerns raised a wider sale in technology shares, as the Nasdaq Stock Exchange closed by 10 %, the largest decrease since 2022.

Tesla faces other opposite winds, such as the sharp decrease in new vehicle sales, pressure to fulfill Musk’s promotions for robotics while competitors extend their progress in the market.

Musk said that Tesla will launch a riding business in Austin, Texas in June, but some analysts express doubts about the company’s ability to fulfill this deadline.

About a decade ago, Musk promised that current Tesla cars can be converted into ready -made robotics vehicles with another upgrade for programs. On the company The fourth quarter profit callMusk said that an upcoming TESLA self -driving program will require a promotion of devices as well.

While the decrease in shares in the first quarter was painful to shareholders, they suffered from similar fluctuations in the recent past. in The first quarter of 2024The shares decreased by 29 % due to the low car sales and the increase in competition. But stocks rose the rest of the year to finish 63 %.

“In the long run, I think Tesla Stock will work well,” Musk said in the Green Bay Rally. “Therefore, as you know, it may be the opportunity to buy.”

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