Tesla YTD Stock Price Now Positive After Musk Share Purchase Spurs Gains
Tesla sales have been sliding all year, with each report of declining deliveries creating fresh headwinds for the stock.
In February, a report said that Tesla sales were down 45% year-over-year in Europe, causing the stock to drop 8% in a single day.
In March, a separate report said that Tesla sold 30,688 EVs in China the prior month, a 49% year-over-year drop. The stock plummeted 18% from March 4 until it hit its low on March 10.
In April, the company reported that it delivered 336,700 EVs in the first quarter, reflecting a 13% year-over-year drop. Tesla—under pressure alongside the broader market, which was reacting to Trump’s tariffs—dropped 41% from April 2 until the stock troughed on April 8.
In the…
