Tesla's stock price is not what it used to be. Past predictions of towering values have been put to shame in a 46 percent drop.
Tesla's share price has experienced a significant decline and has plummeted by 48 percent since its peak in December.
In a market marked by uncertainty, investors are watching while the car brand's value is reduced by $683 billion.
Several analysts point to Tesla CEO Elon Musk's involvement in American and international politics as the reason for the extreme price drop.
When it comes to sales of the brand's cars, the air has also gone out of the balloon. The car brand can note that February sales were 16 percent worse than January.
And here in Denmark, Tesla's sales of new cars have more than halved compared to last year. Boosted has previously reported how Tesla's sales have collapsed in several countries.
In Denmark alone, sales have been reduced by 58 percent. Industry analyst Gordon Johnson says in a comment to CNN that Tesla's sales globally have 'imploded'.
Tesla's share price has almost halved in just two years
In addition to sales figures and political controversies, the share price has taken a dive. From an 84 percent increase in 2022, the price has fallen by 46 percent since December 2022.
The massive drop has already led industry insiders, analysts and speculators to believe that Musk's close political ties – especially to the White House in the US – are hurting Tesla.
Musk's involvement with the Department of Government Efficiency (DOGE), a US agency, has also contributed to investor uncertainty.
Although many investors are concerned about Tesla's future, there are still those who see potential in the company's long-term plans for self-driving cars and robotaxi taxis. Tesla is also the car brand whose stock is absolutely worth the most.
