Tesla shares drop 14%, biggest decline in 5 years

Tesla shares fell 14% on Mar.10, marking the company’s largest single-day decline since September 2020.

This drop follows a seven-week losing streak, the longest since Tesla’s Nasdaq debut in 2010.

Since reaching a peak of US$479.86 per share on Dec. 17, 2023, Tesla’s stock has decreased by over 50%.

This resulted in a loss of more than US$800 billion in market capitalization.

Recent Tesla developments

Timeline
09-Mar-2025 📉 Tesla stock hits 7-week slump, loses over $800b value Tesla’s stock sees longest losing streak ever. Sales decline, price targets slashed by analysts.
07-Mar-2025 📉 Tesla’s sales drop 51% in China Tesla’s China sales drop 51.5% in February. Lowest sales since July 2022 amid market decline.
06-Mar-2025 🏬 Tesla signs lease deal for first showroom in India Tesla signs lease for first India showroom. Showroom located in Mumbai’s Bandra Kurla Complex.
05-Mar-2025 📉 Tesla’s China shipments drop as BYD surges in February Tesla’s China sales drop 49% to 30,688 units. BYD’s sales soar 161% to over 318,000 vehicles.
05-Mar-2025 📉 Tesla stock drops as anti-Musk backlash grows, sales fall Tesla shares drop 3% after 28% February decline. CEO Musk hints at 1000% gain with outstanding execution.

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