Tesla loses 150 billion dollars in its market value after a sharp decrease in its shares

The share of the American company “Tesla” for the electric car industry declined during trading on Thursday, recording a decrease of 14.3% to reach 284.68 dollars, in its largest daily decline since last March 10. This decrease led to the company’s loss of more than $ 150 billion of its market value, to land below a trillion dollars for the first time since November 2024.

This decline is due to increasing pressure on the company’s sales in the European and Chinese markets, as it recorded 45% declines in Europe and 11.5% in China during the recent period. The company was also affected by the new customs policies announced by the White House, which raised the fees on Chinese goods to 145%, which increased production costs.

Reports indicated that the decline coincided with investor fears of CEO Elon Musk’s focus on his political activities, including his support for the current American administration policies, which negatively affected the brand image in major global markets.