Tesla shares have fallen 40% since the end of 2024, accelerating the decline following news of a reduction in European sales by almost half. During the week, the value of the securities fell by 17%, which indicates the growing concern of investors about the slowdown in the company's core business. After the US presidential election, Tesla shares grew, but in January, investor confidence was shaken. The company reported its first annual sales decline in 10 years and weak quarterly shipments. Forecasts for 2025 have also been revised downwards, adding to the pressure. Tesla's market capitalization has fallen below $1 trillion, behind Berkshire Hathaway and Broadcom. There is no optimism about the short-term prospects: analysts are not waiting for news about fully autonomous cars. An additional factor for caution is the high valuation of stocks – a ratio of 92 of the projected profit against 21 for the S&P 500. Moreover, Elon Musk, who has shifted his attention to politics, raises questions from investors who want to see him focus on managing Tesla. On Thursday, the shares reached $280, but on Friday they rose slightly by 0.4% in the premarket. Investors are preparing for further shocks, which is confirmed by changes in the positioning of options.
