Synopsis
Tesla stock / share price today 26, dipped below $1 trillion for the first time since November 2024, with shares falling to $304. Analysts predict Tesla will miss first-quarter delivery estimates, projecting only about 380,000 vehicles. Additionally, European sales have dropped and production on the Cybertruck has been challenged. The temporary factory shutdowns have also added to the company’s current woes. Tesla Stock Today News 26 Feb: market value crashes under $1 trillion, first time since election. Tesla stock today has dropped below the $1 trillion mark for the first time since the November 2024 election, sending investors into a panic and questioning the performance of the company in the future, as per a report. The EV giant, who briefly topped the list of world’s most valuable automaker post-November’s election, is now facing stiff challenges as it is about to report vehicle sales for the first quarter.
As of Tuesday, Tesla’s shares had fallen to $304, down 8% from Monday and the lowest since election week, reported Fortune. The decline has resulted in a $16 billion decline in Tesla CEO Elon Musk’s personal wealth, the report added.
Sales projections miss expectations Wall Street’s enthusiasm for Tesla’s expansion appears to be fading. A number of analysts, including Future Fund’s Gary Black, have cautioned that Tesla will fall short of its first-quarter delivery estimates, reported Fortune. Although consensus estimates currently forecast 422,000 vehicles for Q1, Black estimates that Tesla will deliver only about 380,000, as per the report. T
Analyst Troy Teslike provided alarming statistics concerning the Cybertruck. He highlighted that production on the high-profile model is the lowest of the last three quarters, which might be an indicator of early hardship for the car that was touted to propel Tesla’s growth over the next couple of years, as per Fortune.
European sales crash and branding issues Tesla’s woes are more than mere production levels. The latest figures have indicated a decline in sales in Europe. Following two years of spectacular expansion, Tesla’s registrations in Europe almost halve
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