Tesla, Inc. is a leading electric vehicle manufacturer that designs, produces, and sells a range of electric cars and energy products
The company is known for its innovative approach to sustainable transportation, producing models that are not only environmentally friendly but also equipped with cutting-edge technology and high-performance features. In addition to its automotive division, Tesla also focuses on renewable energy solutions, including solar energy products and energy storage systems, aimed at accelerating the world’s transition to sustainable energy. Through its global presence and dedicated infrastructure, such as an extensive network of charging stations, Tesla seeks to revolutionize the automotive industry and promote a greener future.
Shares of electric vehicle pioneer Tesla (NASDAQTSLA) fell 10.4% in the afternoon session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. Over the weekend, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors.
The sell-off was particularly pronounced in the tech sector, with the Nasdaq falling 3% into correction territory, while the S&P 500 also posted a 2% decline.
New EV contracts, a change in ticker symbol, a delayed earnings report, eroding investor confidence, and stellar deliveries got Stocktwits users buzzing in the week ended Mar. 7, 2025.
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
Four Canadian stores of Tesla Inc. (NASDAQTSLA) have been suspected of exploiting the country's EV rebate program. The stores are said to have sold an average of 30 cars per hour over three days, claiming over 50% of the remaining rebate funds.
Two of Wall Street's most influential figures took significant financial actions just days before a major market downturn, raising questions about market timing and insider knowledge.
The EV industry saw major developments over the weekend, with Tesla's Model Y surging in China, its Model S/X retreating from Japan, Rivian unveiling its Georgia timeline and an ice cream truck partnership, and Trump's tariffs threatening the profits of Detroit's Big Three automakers.
